Discover the perfect waterfront bar and restaurant for your next business venture. Located in a prime spot, this full-service business has it all. See now.
Purchase Price is $240,000.
The minimum equity required is 50%.
The business has averaged over $950,000 prior to even opening the outdoor dining area. Seller’s Discretionary Earnings has averaged $140,000 despite the lack of hands-on management.
** Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.
** Our expectations are for a minimum 40% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator
