General Business Information
Listing ID:
4110-00444
Listing Type:
Exclusive Right of Sale
Price:
$165,000
Category:
Restaurants
Subcategory:
Fast Casual
County:
Brevard
State/Prov:
Florida
Sales:
$634,786
SDE:
$107,580
Description of Business
Eighteen year strong, award winning, fast-casual restaurant on the East Coast of Florida serving hot dogs, subs and cheesesteaks since 2005. This business boasts a vibrant atmosphere with plenty of seating inside. A new owner will benefit from low rent with a flexible lease and well-maintained equipment. Plus, the business has over 1,200 reviews with an impressive 4.7 rating on Google.
The Seller's are looking to retire and and spend more time with their family in Pennsylvania. They leave behind a well-trained staff with tenure to assist with continuity. Keep the concept, or bring your own.
This is a great opportunity for an owner/operator or a family-run business.
Listing Details
Location:
Florida's East Coast - Only a Half a Mile Away From Beach Access
Organization Type:
Sub-S Corporation
Hours of Operation:
Monday - Saturday 11a - 8p; Sunday 12p - 6p
Years Established:
18
Years Owned:
8
Employees FT:
2
Employees PT:
8
Managers:
0
Amount of Hours Owner Works:
7
Is Relocatable:
Yes
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
No
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
2024
$634,786
$221,063
$413,723
$415,943
$-2,220
$79,800
$0
$0
$0
$30,000
$107,580
2023
$642,670
$246,233
$396,437
$411,836
$-15,399
$66,632
$2,323
$0
$275
$39,783
$93,614
2022
$690,888
$280,955
$409,933
$444,653
$-34,720
$70,892
$4,027
$0
$10,639
$39,862
$90,700
Assets Included in Sale
Leasehold Improvements:
$30,000 Included
FF+E:
$20,000 Included
Inventory:
$4,000 Included
Total Assets Included:
$54,000
Lease Information
Monthly Rent:
$2,752
Expiration Date:
2028-02-28
Square Footage:
1500
Terms and Options:
Terms & Options Negotiable
Building Type:
Strip Center
Summary
Reason for Sale:
The sellers want to be closer to family out of state.
Training and Support:
Two weeks acclimation period at no extra cost to buyer.
Non Compete:
Five miles for 3 years.
Owner Qualifications:
Restaurant management experience.
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00444
Listing Type: Exclusive Right of Sale
Price: $165,000
Category: Restaurants
Subcategory: Fast Casual
County: Brevard
State/Prov: Florida
Sales: $634,786
SDE: $107,580
Description of Business
Eighteen year strong, award winning, fast-casual restaurant on the East Coast of Florida serving hot dogs, subs and cheesesteaks since 2005. This business boasts a vibrant atmosphere with plenty of seating inside. A new owner will benefit from low rent with a flexible lease and well-maintained equipment. Plus, the business has over 1,200 reviews with an impressive 4.7 rating on Google.
The Seller's are looking to retire and and spend more time with their family in Pennsylvania. They leave behind a well-trained staff with tenure to assist with continuity. Keep the concept, or bring your own.
This is a great opportunity for an owner/operator or a family-run business.
Listing Details
Location: Florida's East Coast - Only a Half a Mile Away From Beach Access
Organization Type: Sub-S Corporation
Hours of Operation: Monday - Saturday 11a - 8p; Sunday 12p - 6p
Years Established: 18
Years Owned: 8
Employees FT: 2
Employees PT: 8
Managers: 0
Amount of Hours Owner Works: 7
Is Relocatable: Yes
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: No
Financial Information
INCOME PERIOD, Year: 2024
GROSS SALES: $634,786
– Costs of Goods Sold: $221,063
= Gross Profit: $413,723
– Total Expenses: $415,943
= Net Before Taxes: $-2,220
ADD BACKS
+ Owner(s) Salary: $79,800
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $0
+ Other : $30,000
TOTAL OWNER BENEFIT: $107,580
INCOME PERIOD, Year: 2023
GROSS SALES: $642,670
– Costs of Goods Sold: $246,233
= Gross Profit: $396,437
– Total Expenses: $411,836
= Net Before Taxes: $-15,399
ADD BACKS
+ Owner(s) Salary: $66,632
+ Benefits: $2,323
+ Interest Expense: $0
+ Depreciation: $275
+ Other : $39,783
TOTAL OWNER BENEFIT: $93,614
INCOME PERIOD, Year: 2022
GROSS SALES: $690,888
– Costs of Goods Sold: $280,955
= Gross Profit: $409,933
– Total Expenses: $444,653
= Net Before Taxes: $-34,720
ADD BACKS
+ Owner(s) Salary: $70,892
+ Benefits: $4,027
+ Interest Expense: $0
+ Depreciation: $10,639
+ Other : $39,862
TOTAL OWNER BENEFIT: $90,700
Assets Included in Sale
Inventory: $4,000 Included
FF+E: $20,000 Included
Leasehold Improvements: $30,000 Included
Total Assets Included: $54,000
Lease Information
Monthly Rent: $2,752
Expiration Date: 2028-02-28
Square Footage: 1500
Terms and Options: Terms & Options Negotiable
Building Type: Strip Center
Summary
Reason for Sale: The sellers want to be closer to family out of state.
Training and Support: Two weeks acclimation period at no extra cost to buyer.
Non Compete: Five miles for 3 years.
Owner Qualifications: Restaurant management experience.
LISTING BROKER