Listing ID:
4110-00335
Listing Type:
Exclusive Right of Sale
Price:
$750,000
Down Payment:
$82,500
Category:
Restaurants
County:
Brevard
State/Prov:
Florida
Country:
Brevard
Sales:
$1,120,247
SDE:
$133,465
This business consists of two successful food locations on the East-Coast of Florida serving hot dogs, subs and cheesesteaks since 2005. One of the locations has a half acre of *real estate available valued at $495,000 with a stand alone building consisting of a 300 square foot open porch area and 1600 square feet inside the restaurant. The other location has low rent with a flexible lease.
Both locations have well-maintained equipment (including new A/C units and equipment) and staff with tenure.
*Business cannot be sold independent of real estate.
Location:
Florida's East Coast
Organization Type:
Sole Proprietorship
Hours of Operation:
Monday - Saturday, 11a -8p / Sunday 12p - 6p
Years Established:
18
Years Owned:
8
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
Other:
$0
Real Estate:
$500,000 Included
Leasehold Improvements:
$35,000 Included
FF+E:
$50,000 Included
Inventory:
$7,500 Included
Total Assets Included:
$592,500
Monthly Rent:
$4,650
Square Footage:
3129
Building Type:
Location 1: Stand-Alone Building | Location 2:Strip Center
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.
Financing Summary:
SBA Lender Pre-Qualified - Buyer Down Payment $82,5000 .......... Loan Term ..........20 Years Fully Amortized ..........Rate P+1.75% (9.75% present rate) .......... Monthly Loan Payment .......... $7,042.74 *Small Business Administration Financing is subject to the qualification of individual buyers. This business has not been directly reviewed by the SBA.
Listing ID: 4110-00335
Listing Type: Exclusive Right of Sale
Price: $750,000
Down Payment: $82,500
Category: Restaurants
County: Brevard
State/Prov: Florida
Country: Brevard
Sales: $1,120,247
SDE: $133,465
This business consists of two successful food locations on the East-Coast of Florida serving hot dogs, subs and cheesesteaks since 2005. One of the locations has a half acre of *real estate available valued at $495,000 with a stand alone building consisting of a 300 square foot open porch area and 1600 square feet inside the restaurant. The other location has low rent with a flexible lease.
Both locations have well-maintained equipment (including new A/C units and equipment) and staff with tenure.
*Business cannot be sold independent of real estate.
Location: Florida's East Coast
Organization Type: Sole Proprietorship
Hours of Operation: Monday - Saturday, 11a -8p / Sunday 12p - 6p
Years Established: 18
Years Owned: 8
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
GROSS SALES: $1,120,247
– Costs of Goods Sold: $529,144
= Gross Profit: $591,103
– Total Expenses: $543,845
= Net Before Taxes: $47,258
ADD BACKS
+ Owner(s) Salary: $81,207
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $0
+ Other $0: $5,000
TOTAL OWNER BENEFIT: $133,465
GROSS SALES: $1,186,343
– Costs of Goods Sold: $467,413
= Gross Profit: $718,930
– Total Expenses: $776,311
= Net Before Taxes: $-57,381
ADD BACKS
+ Owner(s) Salary: $96,892
+ Benefits: $10,665
+ Interest Expense: $18,438
+ Depreciation: $31,564
+ Other $0: $9,583
TOTAL OWNER BENEFIT: $109,761
GROSS SALES: $1,180,964
– Costs of Goods Sold: $451,013
= Gross Profit: $729,951
– Total Expenses: $758,014
= Net Before Taxes: $-28,063
ADD BACKS
+ Owner(s) Salary: $111,628
+ Benefits: $13,368
+ Interest Expense: $6,924
+ Depreciation: $32,656
+ Other $0: $9,582
TOTAL OWNER BENEFIT: $146,095
Inventory: $7,500 Included
FF+E: $50,000 Included
Leasehold Improvements: $35,000 Included
Real Estate: $500,000 Included
Other: $0
Total Assets Included: $592,500
Monthly Rent: $4,650
Square Footage: 3129
Building Type: Location 1: Stand-Alone Building | Location 2:Strip Center
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.
Financing Summary: SBA Lender Pre-Qualified - Buyer Down Payment $82,5000 .......... Loan Term ..........20 Years Fully Amortized ..........Rate P+1.75% (9.75% present rate) .......... Monthly Loan Payment .......... $7,042.74 *Small Business Administration Financing is subject to the qualification of individual buyers. This business has not been directly reviewed by the SBA.