Fast-Casual, Well-Established Brevard County Restaurants 2 Prime Location, Real Estate Included in One Location

General Business Information

Listing ID:

4110-00335

Listing Type:

Exclusive Right of Sale

Price:

$900,000

Category:

Restaurants

County:

Brevard

State/Prov:

Florida

Country:

Brevard

Sales:

$1,196,337

SDE:

$187,495

Description of Business

Two award-winning locations serving subs, Philly cheesesteaks, hot dogs, and other comfort foods in this East-Coast Florida County since 2005. With a 4.7 rating on Google and over 1200+ reviews, the restaurant has a great reputation, leaves behind a well-trained staff with tenure to assist with continuity, and is pleasantly located near the FL beaches.
Both locations have been well-maintained (new AC units and equipment), and the 1/2 acre of Real Estate and free-standing building from one of the two locations is included in the sale price; the other location has low rent with a flexible lease. The Seller's are looking to retire and spend time with their family. 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

Organization Type:

Sole Proprietorship

Hours of Operation:

Monday - Saturday, 11a -8p / Sunday 12p - 6p

Years Established:

2005

Years Owned:

8

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 $0
TOTAL OWNER BENEFIT
2022
$1,196,337

$593,761

$602,576

$500,377

$0
$102,199

$0

$0

$0

$0
$187,496
2021
$1,180,964

$451,013

$730,641

$758,014

$0
$0

$0

$0

$0

$0
$146,095
2020
$1,089,818

$426,182

$664,326

$646,943

$0
$0

$0

$0

$0

$0
$148,143
Assets Included in Sale

Other:

$0

Real Estate:

$495,000 Included

Leasehold Improvements:

$35,000 Included

FF+E:

$50,000 Included

Inventory:

$7,500 Included

Total Assets Included:

$587,500

Lease Information

Monthly Rent:

$4,650

Square Footage:

3129

Building Type:

Location 1: Stand-Alone Building | Location 2:Strip Center

Summary

Reason for Sale:

The seller wants to retire and spend more time with our out of state family.

Training and Support:

Two week acclimation period at not cost to buyer.

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

Tony Blair

Tony Blair
General Business Information

Listing ID: 4110-00335

Listing Type: Exclusive Right of Sale

Price: $900,000

Category: Restaurants

County: Brevard

State/Prov: Florida

Country: Brevard

Sales: $1,196,337

SDE: $187,495

Description of Business

Two award-winning locations serving subs, Philly cheesesteaks, hot dogs, and other comfort foods in this East-Coast Florida County since 2005. With a 4.7 rating on Google and over 1200+ reviews, the restaurant has a great reputation, leaves behind a well-trained staff with tenure to assist with continuity, and is pleasantly located near the FL beaches.
Both locations have been well-maintained (new AC units and equipment), and the 1/2 acre of Real Estate and free-standing building from one of the two locations is included in the sale price; the other location has low rent with a flexible lease. The Seller's are looking to retire and spend time with their family. 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

Organization Type: Sole Proprietorship

Hours of Operation: Monday - Saturday, 11a -8p / Sunday 12p - 6p

Years Established: 2005

Years Owned: 8

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: 2022


GROSS SALES: $1,196,337

– Costs of Goods Sold: $593,761

= Gross Profit: $602,576

– Total Expenses: $500,377

= Net Before Taxes: $0



ADD BACKS

+ Owner(s) Salary: $102,199

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other $0: $0



TOTAL OWNER BENEFIT: $187,496

INCOME PERIOD, Year: 2021


GROSS SALES: $1,180,964

– Costs of Goods Sold: $451,013

= Gross Profit: $730,641

– Total Expenses: $758,014

= Net Before Taxes: $0



ADD BACKS

+ Owner(s) Salary: $0

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other $0: $0



TOTAL OWNER BENEFIT: $146,095

INCOME PERIOD, Year: 2020


GROSS SALES: $1,089,818

– Costs of Goods Sold: $426,182

= Gross Profit: $664,326

– Total Expenses: $646,943

= Net Before Taxes: $0



ADD BACKS

+ Owner(s) Salary: $0

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other $0: $0



TOTAL OWNER BENEFIT: $148,143

Assets Included in Sale

Inventory: $7,500 Included

FF+E: $50,000 Included

Leasehold Improvements: $35,000 Included

Real Estate: $495,000 Included

Other: $0

Total Assets Included: $587,500

Lease Information

Monthly Rent: $4,650

Square Footage: 3129

Building Type: Location 1: Stand-Alone Building | Location 2:Strip Center

Summary

Reason for Sale:

The seller wants to retire and spend more time with our out of state family.

Training and Support:

Two week acclimation period at not cost to buyer.

Non Compete: 5 miles for 3 years.

Owner Qualifications:

Restaurant management experience.