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General Business Information
Listing ID:
4110-00335
Listing Type:
Exclusive Right of Sale
Price:
$799,000
Down Payment:
$82,500
Category:
Restaurants
County:
Brevard
State/Prov:
Florida
Country:
Brevard
Sales:
$1,186,342
SDE:
$114,613
Description of Business
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.
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
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 $0
TOTAL OWNER BENEFIT
2022
$1,186,342
$616,174
$570,166
$542,555
$27,613
$78,000
$9,000
$0
$0
$0
$114,613
2021
$1,180,964
$451,013
$730,641
$758,014
$-27,373
$111,628
$12,678
$6,924
$32,656
$9,582
$146,095
2020
$1,090,508
$426,182
$664,326
$646,943
$17,383
$76,210
$12,375
$8,176
$24,077
$9,582
$148,163
Assets Included in Sale
Other:
$0
Real Estate:
$495,000
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.
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.
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: $799,000
Down Payment: $82,500
Category: Restaurants
County: Brevard
State/Prov: Florida
Country: Brevard
Sales: $1,186,342
SDE: $114,613
Description of Business
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.
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
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: 2022
GROSS SALES: $1,186,342
– Costs of Goods Sold: $616,174
= Gross Profit: $570,166
– Total Expenses: $542,555
= Net Before Taxes: $27,613
ADD BACKS
+ Owner(s) Salary: $78,000
+ Benefits: $9,000
+ Interest Expense: $0
+ Depreciation: $0
+ Other $0: $0
TOTAL OWNER BENEFIT: $114,613
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: $-27,373
ADD BACKS
+ Owner(s) Salary: $111,628
+ Benefits: $12,678
+ Interest Expense: $6,924
+ Depreciation: $32,656
+ Other $0: $9,582
TOTAL OWNER BENEFIT: $146,095
INCOME PERIOD, Year: 2020
GROSS SALES: $1,090,508
– Costs of Goods Sold: $426,182
= Gross Profit: $664,326
– Total Expenses: $646,943
= Net Before Taxes: $17,383
ADD BACKS
+ Owner(s) Salary: $76,210
+ Benefits: $12,375
+ Interest Expense: $8,176
+ Depreciation: $24,077
+ Other $0: $9,582
TOTAL OWNER BENEFIT: $148,163
Assets Included in Sale
Inventory: $7,500 Included
FF+E: $50,000 Included
Leasehold Improvements: $35,000 Included
Real Estate: $495,000
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.
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 BROKER