Asking Price: $475,000 Gross Revenue: $1,768,000Cash Flow: $366,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
• TYPE OF BUSINESS: TEX-MEX/SOUTHWEST
• LOCATION: 15 minutes West of Leominster
• SELLING PRICE: $475
• DOWN PAYMENT: $150K Down SBA Financing Available!
• SALES VOLUME: $34K/wk 1.8M/Yr!
• LEASE: $7500
• YRS. LEFT: TBD
• SQUARE FOOTAGE: 8500 ft.²
• HOURS OF OPERATION: WEEKDAYS 11:30AM-10PM, WEEKENDS 11:30AM-11PM
• SEATING: (inside 325 seats) (outside NA seats)
COMMENTS: WHAT AN OPPORTUNITY! You can own this Goldmine for only $200,000 down! 8500 ft.² and seating capacity of 325! Beautiful southwestern restaurant with delicious authentic recipes to encourage weeknight diners and a casual elegant ambience for that special day or large party celebrations. PLUS buffet dining for gotta-dash customers. There's something going on almost every night of the week with Taco Tuesday, Trivia, Ladies Night, and live bands! This restaurant is the local entertainment hub!
Free Standing Building adjacent to retail shopping, movie cineplex, major furniture stores, office parks and other great restaurants. 1/4 mile from busy highway and 1M+ cars daily. Plenty of on-site and street parking available. Owners have run successfully for 17 years! NETS OVER $360K
About the Business
Number of Employees:
Building Sq. Ft.:
Freestanding building with ample parking. Highly visible location off of major Highway and only a 1/4 mile from busy Route 2! Beautifully renovated interior. Large enough to accommodate nearly any size party. Once-in-a-lifetime opportunity. Don't let this one get away!
This restaurant is currently, and without a doubt the spot for local nightlife. Other restaurants are opening in this area. But a season operator knows this isn't a negative, it's a positive! The 99 restaurant doesn't move into a new location without lots of market research. The research here shows this is a city which will double in size in the next few years.
Growth & Expansion:
This area definitely on the rise. Lots of major corporations and restaurants and expansion plans.
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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