General Business Information
Listing ID:
4110-00442
Listing Type:
Exclusive Right of Sale
Price:
$149,000
Down Payment:
$149,000
Category:
Restaurants
Subcategory:
Cafe Type Eatery
County:
Pinellas
State/Prov:
Florida
Sales:
$479,091
SDE:
$79,541
Description of Business
This well established fast casual restaurant offers the perfect opportunity for a buyer to acquire a business that is currently part of a franchise but has permission to be sold as an independent location meaning no royalty fees!
The business has been in operation for over 4 years and provides a menu developed with healthy eating in mind. They offer a unique variety of sandwiches, wraps, salads, and rice bowls, with plenty of choice for vegetarian and gluten free customers, as well as options for those who want a meal packed with protein.
The restaurant is located at an outdoor shopping center that generates a high volume of foot traffic, with monthly events that bring over 1,000 people at a time to the center. There is both indoor and outdoor seating available. The restaurant is open 7 days a week and there are 6 staff in place, including 2 managers. The owner works around 25 hours per week.
The business produces consistent revenues of over $450k per year, all of which has been created via organic growth with no spend on marketing. This is a great chance to build on the work that the current owner has already done and take the business to the next level of growth.
Call for more information.
Listing Details
Location:
Pinellas County
Organization Type:
'LLC'
Hours of Operation:
Mon-Sat 11am-8pm Sun 11am-7pm
Years Established:
4
Years Owned:
3
Employees FT:
1
Employees PT:
3
Managers:
2
Amount of Hours Owner Works:
25
Is Relocatable:
No
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
No
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
2024
$479,091
$151,119
$327,972
$250,159
$77,813
$0
$1,728
$0
$0
$0
$79,541
2023
$483,816
$152,928
$330,888
$301,644
$29,244
$10,000
$12,296
$207
$4,480
$10,773
$67,000
Assets Included in Sale
Leasehold Improvements:
$0
FF+E:
$10,000
Inventory:
$2,500 Included
Total Assets Included:
$12,500
Lease Information
Monthly Rent:
$5,650
Expiration Date:
2031-07-07
Square Footage:
1300
Terms and Options:
Negotiable
Building Type:
Strip Mall
Summary
Reason for Sale:
Other business interests
Training and Support:
Two weeks at no cost to buyer
Non Compete:
5 years/25 miles
Owner Qualifications:
Business license
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00442
Listing Type: Exclusive Right of Sale
Price: $149,000
Down Payment: $149,000
Category: Restaurants
Subcategory: Cafe Type Eatery
County: Pinellas
State/Prov: Florida
Sales: $479,091
SDE: $79,541
Description of Business
This well established fast casual restaurant offers the perfect opportunity for a buyer to acquire a business that is currently part of a franchise but has permission to be sold as an independent location meaning no royalty fees!
The business has been in operation for over 4 years and provides a menu developed with healthy eating in mind. They offer a unique variety of sandwiches, wraps, salads, and rice bowls, with plenty of choice for vegetarian and gluten free customers, as well as options for those who want a meal packed with protein.
The restaurant is located at an outdoor shopping center that generates a high volume of foot traffic, with monthly events that bring over 1,000 people at a time to the center. There is both indoor and outdoor seating available. The restaurant is open 7 days a week and there are 6 staff in place, including 2 managers. The owner works around 25 hours per week.
The business produces consistent revenues of over $450k per year, all of which has been created via organic growth with no spend on marketing. This is a great chance to build on the work that the current owner has already done and take the business to the next level of growth.
Call for more information.
Listing Details
Location: Pinellas County
Organization Type: 'LLC'
Hours of Operation: Mon-Sat 11am-8pm Sun 11am-7pm
Years Established: 4
Years Owned: 3
Employees FT: 1
Employees PT: 3
Managers: 2
Amount of Hours Owner Works: 25
Is Relocatable: No
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: No
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2024
GROSS SALES: $479,091
– Costs of Goods Sold: $151,119
= Gross Profit: $327,972
– Total Expenses: $250,159
= Net Before Taxes: $77,813
ADD BACKS
+ Owner(s) Salary: $0
+ Benefits: $1,728
+ Interest Expense: $0
+ Depreciation: $0
+ Other : $0
TOTAL OWNER BENEFIT: $79,541
INCOME PERIOD, Year: 2023
GROSS SALES: $483,816
– Costs of Goods Sold: $152,928
= Gross Profit: $330,888
– Total Expenses: $301,644
= Net Before Taxes: $29,244
ADD BACKS
+ Owner(s) Salary: $10,000
+ Benefits: $12,296
+ Interest Expense: $207
+ Depreciation: $4,480
+ Other : $10,773
TOTAL OWNER BENEFIT: $67,000
Assets Included in Sale
Inventory: $2,500 Included
FF+E: $10,000
Leasehold Improvements: $0
Total Assets Included: $12,500
Lease Information
Monthly Rent: $5,650
Expiration Date: 2031-07-07
Square Footage: 1300
Terms and Options: Negotiable
Building Type: Strip Mall
Summary
Reason for Sale: Other business interests
Training and Support: Two weeks at no cost to buyer
Non Compete: 5 years/25 miles
Owner Qualifications: Business license
LISTING BROKER