Established Restaurant with Real Estate in Brevard County

General Business Information

Listing ID:

4110-00320

Listing Type:

Exclusive Right of Sale

Price:

$650,000

Down Payment:

$650,000

Category:

Restaurants

Subcategory:

American Restaurant

County:

Brevard

State/Prov:

Florida

Country:

United States

Sales:

$497,167

SDE:

$75,803

Description of Business

Originally established in 2005, this particular location was opened in 2019, serving Philly cheesesteaks, subs, hot dogs, and other comfort foods. The business has a 4.7 rating on Google with over 1200 reviews, and is pleasantly located close to the beaches on the east coast of Florida.
Included in this opportunity is the Real Estate with a stand-alone building on 1/2 acre and plenty of parking. Also, there is a 300sf open porch area, in addition to the 1600+sf interior of the restaurant. The building is well-maintained and has had over $150k in Leasehold Improvements (inlcuding brand new AC units, a 10ft hood system and walk-in cooler).
Keep the current concept, or bring your own! This is a fantasic opportunity for an owner/operator or family-run business.

Listing Details

Location:

Near Florida's famous Space Coast in a free standing building with parking for 12 cars.

Organization Type:

Sub-S Corporation

Hours of Operation:

Mon - Sat 11a - 8p | Sun 12p - 6p

Years Established:

2019

Years Owned:

4

Employees FT:

5

Employees PT:

4

Managers:

1

Amount of Hours Owner Works:

10

Is Relocatable:

Yes

Is Home Based:

No

Is a Franchise:

No

Is Lender Pre Qualified:

No

May Qualify for a Visa:

Yes

Financial Information
INCOME PERIOD, Year
GROSS SALES

– Costs of Goods Sold

= Gross Profit

– Total Expenses

= Net Before Taxes
ADD BACKS

+ Owner(s) Salary

+ Benefits

+ Interest Expense

+ Depreciation

+ Other
TOTAL OWNER BENEFIT
2022
$497,167

$294,432

$202,735

$161,732

$41,003
$34,800

$0

$0

$0

$0
$75,803
2021
$463,075

$274,286

$188,789

$143,973

$44,816
$33,000

$0

$0

$0

$0
$77,816
2020
$387,386

$276,410

$110,976

$95,548

$15,428
$0

$0

$0

$0

$0
$15,428
Assets Included in Sale

Real Estate:

$525,000 Included

Leasehold Improvements:

$150,000 Included

FF+E:

$24,000 Included

Inventory:

$3,500 Included

Total Assets Included:

$702,500

Lease Information

Expiration Date:

2023-08-04

Square Footage:

1,692

Terms and Options:

Negotiable

Building Type:

Stand Alone

Summary

Reason for Sale:

Other business interests.

Training and Support:

Seller will assist new owner with a two week acclimation period at no cost.

Non Compete:

5 miles for 3 years

Owner Qualifications:

Restaurant management experience.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Carey Sobel

Carey Sobel
General Business Information

Listing ID: 4110-00320

Listing Type: Exclusive Right of Sale

Price: $650,000

Down Payment: $650,000

Category: Restaurants

Subcategory: American Restaurant

County: Brevard

State/Prov: Florida

Country: United States

Sales: $497,167

SDE: $75,803

Description of Business

Originally established in 2005, this particular location was opened in 2019, serving Philly cheesesteaks, subs, hot dogs, and other comfort foods. The business has a 4.7 rating on Google with over 1200 reviews, and is pleasantly located close to the beaches on the east coast of Florida.
Included in this opportunity is the Real Estate with a stand-alone building on 1/2 acre and plenty of parking. Also, there is a 300sf open porch area, in addition to the 1600+sf interior of the restaurant. The building is well-maintained and has had over $150k in Leasehold Improvements (inlcuding brand new AC units, a 10ft hood system and walk-in cooler).
Keep the current concept, or bring your own! This is a fantasic opportunity for an owner/operator or family-run business.

Listing Details

Location: Near Florida's famous Space Coast in a free standing building with parking for 12 cars.

Organization Type: Sub-S Corporation

Hours of Operation: Mon - Sat 11a - 8p | Sun 12p - 6p

Years Established: 2019

Years Owned: 4

Employees FT: 5

Employees PT: 4

Managers: 1

Amount of Hours Owner Works: 10

Is Relocatable: Yes

Is Home Based: No

Is a Franchise: No

Is Lender Pre Qualified: No

May Qualify for a Visa: Yes

Financial Information
INCOME PERIOD, Year: 2022


GROSS SALES: $497,167

– Costs of Goods Sold: $294,432

= Gross Profit: $202,735

– Total Expenses: $161,732

= Net Before Taxes: $41,003



ADD BACKS

+ Owner(s) Salary: $34,800

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $0



TOTAL OWNER BENEFIT: $75,803

INCOME PERIOD, Year: 2021


GROSS SALES: $463,075

– Costs of Goods Sold: $274,286

= Gross Profit: $188,789

– Total Expenses: $143,973

= Net Before Taxes: $44,816



ADD BACKS

+ Owner(s) Salary: $33,000

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $0



TOTAL OWNER BENEFIT: $77,816

INCOME PERIOD, Year: 2020


GROSS SALES: $387,386

– Costs of Goods Sold: $276,410

= Gross Profit: $110,976

– Total Expenses: $95,548

= Net Before Taxes: $15,428



ADD BACKS

+ Owner(s) Salary: $0

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $0



TOTAL OWNER BENEFIT: $15,428

Assets Included in Sale

Inventory: $3,500 Included

FF+E: $24,000 Included

Leasehold Improvements: $150,000 Included

Real Estate: $525,000 Included

Total Assets Included: $702,500

Lease Information

Expiration Date: 2023-08-04

Square Footage: 1,692

Terms and Options:

Negotiable

Building Type: Stand Alone

Summary

Reason for Sale:

Other business interests.

Training and Support:

Seller will assist new owner with a two week acclimation period at no cost.

Non Compete: 5 miles for 3 years

Owner Qualifications:

Restaurant management experience.