|
Elegant Seafood Restaurant ASKING PRICE: $360,000
LOCATION: New Brunswick
This restaurant features delicious seafood, prepared for the most discerning appetites. The fully accredited chefs have a passion for seafood and creativity. This fine restaurant, daily creates fresh, nutritious & delicious foods for an ever expanding clientele. This dining experience is located on one of the busiest streets in the city. The business is also located minutes from several large hotels and major shopping complexes.
The establishment generates annual revenues of nearly $1,000,000 and is located in a newly renovated facility. Present ownership recognizes that improved management and marketing skills are needed to enable the company to increase sales and profitability.
This acquisition offers a unique opportunity for a buyer to purchase a successful large market food service business that is just waiting for the right person to provide the management and marketing skills necessary to enable it to move to the next level of performance. The Company has a great base on which to build and the demand for its products and services is strong.
This transaction will be structured as a sale of shares. The goodwill and fixed assets of the Company are valued at $360,000. Inventory and accounts receivable are additional. Estimated total share value is $287,000 based on the balance sheet dated October 31, 2009. A buyer should anticipate an equity investment of approximately $130,000. The final sales price for the shares of the Company will be determined at the time of closing after adjusting for current assets including accounts receivable, inventory, liabilities and taxes outstanding at the date of closing. | 