Schedule a Call
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
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.
LISTING BROKER