General Business Information
Listing ID:
4110-00320
Listing Type:
Exclusive Right of Sale
Price:
$450,000
Down Payment:
$300,000
Category:
Restaurants
Subcategory:
American Restaurant
County:
Brevard
State/Prov:
Florida
Country:
United States
Sales:
$461,837
SDE:
$66,818
Description of Business
Originally established in 2005, this particular location opened in 2019, is a fantastic opportunity for an owner/operator or family-run business! 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. Currently serving Philly cheesesteaks, subs, hot dogs, and other comfort foods - keep the current concept or bring your own.
The business, valued at $100k, sits on a 1/2 acre of *real estate valued at $495k, includes a stand-alone 1600 square foot building and plenty of parking. There is also a 300sf open porch area attached to the a very well maintained building which has had over $150k in Leasehold Improvements (including brand new AC units, a 10ft hood system and walk-in cooler).
*The business cannot be sold independently of the real estate.
This is an amazing opportunity with a great location, and an excellent business concept! Real estate, business and income all in one!
(This business has a sister location available for sale as packaged opportunity that includes both businesses and the real estate for only $82,500 down for a qualified buyer. To learn more contact the listing agent.)
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:
Yes
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
2023
$461,837
$281,821
$180,016
$125,898
$54,118
$9,700
$0
$0
$0
$3,000
$66,818
2022
$495,455
$186,458
$308,997
$331,658
$-22,661
$26,000
$0
$18,438
$20,155
$421
$42,353
2021
$463,075
$150,006
$313,069
$309,357
$3,712
$33,000
$0
$0
$6,924
$11,716
$55,352
Assets Included in Sale
Real Estate:
$495,000
Leasehold Improvements:
$150,000 Included
FF+E:
$24,000 Included
Inventory:
$3,500 Included
Total Assets Included:
$177,500
Lease Information
Monthly Rent:
$2,000
Expiration Date:
2028-08-01
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.
Financing Summary:
Seller Financing - Buyer Down Payment $300,000 .......... Interest Rate 4.5% .......... Term 36 Months with final balloon payment for remainder of principal ..........Monthly payment $3,000
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00320
Listing Type: Exclusive Right of Sale
Price: $450,000
Down Payment: $300,000
Category: Restaurants
Subcategory: American Restaurant
County: Brevard
State/Prov: Florida
Country: United States
Sales: $461,837
SDE: $66,818
Description of Business
Originally established in 2005, this particular location opened in 2019, is a fantastic opportunity for an owner/operator or family-run business! 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. Currently serving Philly cheesesteaks, subs, hot dogs, and other comfort foods - keep the current concept or bring your own.
The business, valued at $100k, sits on a 1/2 acre of *real estate valued at $495k, includes a stand-alone 1600 square foot building and plenty of parking. There is also a 300sf open porch area attached to the a very well maintained building which has had over $150k in Leasehold Improvements (including brand new AC units, a 10ft hood system and walk-in cooler).
*The business cannot be sold independently of the real estate.
This is an amazing opportunity with a great location, and an excellent business concept! Real estate, business and income all in one!
(This business has a sister location available for sale as packaged opportunity that includes both businesses and the real estate for only $82,500 down for a qualified buyer. To learn more contact the listing agent.)
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: Yes
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2023
GROSS SALES: $461,837
– Costs of Goods Sold: $281,821
= Gross Profit: $180,016
– Total Expenses: $125,898
= Net Before Taxes: $54,118
ADD BACKS
+ Owner(s) Salary: $9,700
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $0
+ Other : $3,000
TOTAL OWNER BENEFIT: $66,818
INCOME PERIOD, Year: 2022
GROSS SALES: $495,455
– Costs of Goods Sold: $186,458
= Gross Profit: $308,997
– Total Expenses: $331,658
= Net Before Taxes: $-22,661
ADD BACKS
+ Owner(s) Salary: $26,000
+ Benefits: $0
+ Interest Expense: $18,438
+ Depreciation: $20,155
+ Other : $421
TOTAL OWNER BENEFIT: $42,353
INCOME PERIOD, Year: 2021
GROSS SALES: $463,075
– Costs of Goods Sold: $150,006
= Gross Profit: $313,069
– Total Expenses: $309,357
= Net Before Taxes: $3,712
ADD BACKS
+ Owner(s) Salary: $33,000
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $6,924
+ Other : $11,716
TOTAL OWNER BENEFIT: $55,352
Assets Included in Sale
Inventory: $3,500 Included
FF+E: $24,000 Included
Leasehold Improvements: $150,000 Included
Real Estate: $495,000
Total Assets Included: $177,500
Lease Information
Monthly Rent: $2,000
Expiration Date: 2028-08-01
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.
Financing Summary: Seller Financing - Buyer Down Payment $300,000 .......... Interest Rate 4.5% .......... Term 36 Months with final balloon payment for remainder of principal ..........Monthly payment $3,000
LISTING BROKER