Listing ID:
4110-00424
Listing Type:
Exclusive Right of Sale
Price:
$199,000
Down Payment:
$199,000
Category:
Restaurants
County:
Orange
State/Prov:
Florida
Sales:
$607,395
SDE:
$97,174
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.
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
FF+E:
$50,000 Included
Inventory:
$2,000 Included
Total Assets Included:
$52,000
Monthly Rent:
$7,000
Expiration Date:
2025-07-31
Square Footage:
1850
Terms and Options:
1st right of renewal
Building Type:
Strip Mall
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
Listing ID: 4110-00424
Listing Type: Exclusive Right of Sale
Price: $199,000
Down Payment: $199,000
Category: Restaurants
County: Orange
State/Prov: Florida
Sales: $607,395
SDE: $97,174
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.
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
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
Inventory: $2,000 Included
FF+E: $50,000 Included
Total Assets Included: $52,000
Monthly Rent: $7,000
Expiration Date: 2025-07-31
Square Footage: 1850
Terms and Options: 1st right of renewal
Building Type: Strip Mall
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