Well-Established Fast Casual Franchise Restaurant

General Business Information

Listing ID:

4110-00424

Listing Type:

Exclusive Right of Sale

Price:

$199,000

Down Payment:

$199,000

Category:

Restaurants

County:

Orange

State/Prov:

Florida

Country:

United States

Sales:

$607,395

SDE:

$97,174

Description of Business

This well-established, popular Greek fast casual restaurant represents a great opportunity to take over from the current owner who is relocating and build on the opportunities offered within the $1 trillion dollar restaurant and food service market.

Located just off a busy main road with daily passing traffic of over 60,000 vehicles, the business is part of a well-known franchise, and this location was established in 2018. There are reliable staff in place who know the business well and the restaurant has a loyal customer base.

The current owner only works 10 hours per week and has 3 shift managers in place to deal with the day-to-day operations. The financials have been adjusted to reflect a full-time working owner. There is plenty of scope for growth for an owner-operator who can commit to the role full time, and with the business already generating revenue in excess of $600k in 2023 there is a
solid base to build from.

The restaurant is over 1,850 sq ft in size and offers a turnkey ready business opportunity for a buyer.

There is a lease in place
until July 2025 with a first right of renewal.

Call for more information.

Listing Details

Location:

Altamonte Springs

Organization Type:

'LLC'

Hours of Operation:

Mon-Sun 11am to 9pm

Years Established:

6

Years Owned:

6

Employees FT:

3

Employees PT:

9

Amount of Hours Owner Works:

10

Is Relocatable:

No

Is Home Based:

No

Is a Franchise:

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
TOTAL OWNER BENEFIT
2023
$607,395

$153,437

$453,958

$399,695

$54,263
$15,500

$0

$0

$0

$27,410
$97,174
Assets Included in Sale

FF+E:

$50,000 Included

Inventory:

$2,000 Included

Total Assets Included:

$52,000

Lease Information

Monthly Rent:

$7,000

Expiration Date:

2025-07-31

Square Footage:

1850

Terms and Options:

1st right of renewal

Building Type:

Strip Mall

Summary

Reason for Sale:

Relocation

Training and Support:

2 weeks at no cost to buyer

Non Compete:

25 miles for 5 years

Owner Qualifications:

Business license

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Julia Harrison

Julia Harrison
General Business Information

Listing ID: 4110-00424

Listing Type: Exclusive Right of Sale

Price: $199,000

Down Payment: $199,000

Category: Restaurants

County: Orange

State/Prov: Florida

Country: United States

Sales: $607,395

SDE: $97,174

Description of Business

This well-established, popular Greek fast casual restaurant represents a great opportunity to take over from the current owner who is relocating and build on the opportunities offered within the $1 trillion dollar restaurant and food service market.

Located just off a busy main road with daily passing traffic of over 60,000 vehicles, the business is part of a well-known franchise, and this location was established in 2018. There are reliable staff in place who know the business well and the restaurant has a loyal customer base.

The current owner only works 10 hours per week and has 3 shift managers in place to deal with the day-to-day operations. The financials have been adjusted to reflect a full-time working owner. There is plenty of scope for growth for an owner-operator who can commit to the role full time, and with the business already generating revenue in excess of $600k in 2023 there is a
solid base to build from.

The restaurant is over 1,850 sq ft in size and offers a turnkey ready business opportunity for a buyer.

There is a lease in place
until July 2025 with a first right of renewal.

Call for more information.

Listing Details

Location: Altamonte Springs

Organization Type: 'LLC'

Hours of Operation: Mon-Sun 11am to 9pm

Years Established: 6

Years Owned: 6

Employees FT: 3

Employees PT: 9

Amount of Hours Owner Works: 10

Is Relocatable: No

Is Home Based: No

Is a Franchise: Yes

May Qualify for a Visa: Yes

Financial Information
INCOME PERIOD, Year: 2023


GROSS SALES: $607,395

– Costs of Goods Sold: $153,437

= Gross Profit: $453,958

– Total Expenses: $399,695

= Net Before Taxes: $54,263



ADD BACKS

+ Owner(s) Salary: $15,500

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $27,410



TOTAL OWNER BENEFIT: $97,174

Assets Included in Sale

Inventory: $2,000 Included

FF+E: $50,000 Included

Total Assets Included: $52,000

Lease Information

Monthly Rent: $7,000

Expiration Date: 2025-07-31

Square Footage: 1850

Terms and Options:

1st right of renewal

Building Type: Strip Mall

Summary

Reason for Sale:

Relocation

Training and Support:

2 weeks at no cost to buyer

Non Compete: 25 miles for 5 years

Owner Qualifications:

Business license