Winter Garden Diner, Relaxed Atmosphere, Delicious Food

General Business Information

Listing ID:

4110-00239

Listing Type:

Exclusive Right of Sale

Price:

$295,000

Down Payment:

$85,000

Category:

Restaurants

County:

Orange

State/Prov:

Florida

Country:

United States

Sales:

$552,943

SDE:

$127,090

Description of Business

Motivated seller ready to hand over the keys to a great diner serving breakfast, lunch and dinner in rapidly growing area of Winter Garden, Florida. The diner has a relaxed atmosphere, delicious food, and a very experienced staff in place for continued success. The business is situated in highway facing, clean and fresh strip center with a mix of other businesses near large residential communities.
This 6 year old, turn-key business has been SBA Lender pre approved. A qualified buyer with $85,000 down could step right in and start earning cash flow. Current owner only works about 20 hours a week.

Listing Details

Location:

Highway facing in a fresh and clean strip center in West Orange County with a mix of other businesses near large residential communities.

Organization Type:

Sub-S Corporation

Hours of Operation:

Sat & Sun 7-3 Mon - Fri 7- 8:30pm

Years Established:

2016

Years Owned:

Two

Employees FT:

7

Employees PT:

3

Managers:

1

Amount of Hours Owner Works:

20

Is Relocatable:

No

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
TOTAL OWNER BENEFIT
2021
$552,943

$170,420

$382,523

$275,113

$107,410
$19,680

$0

$0

$0

$0
$127,090
2020
$461,246

$138,373

$322,873

$229,239

$93,634
$19,680

$0

$0

$0

$0
$113,314
Assets Included in Sale

Leasehold Improvements:

$150,000 Included

FF+E:

$150,000 Included

Inventory:

$4,000 Included

Total Assets Included:

$304,000

Lease Information

Expiration Date:

2022-11-01

Square Footage:

2,000

Summary

Reason for Sale:

Discuss with seller.

Training and Support:

Two weeks training at no cost to buyer.

Non Compete:

Five miles for 3 years.

Owner Qualifications:

Restaurant Management Experience

Financing Summary:

SBA Lending being offered by Lynne Singletary at 44 Business Capital lsingletary@44businesscapital.com (407) 731-9555. Purchase Price: $295,000 | Working Capital: $0.00 | Down Payment: $85,000 | Loan: $210,000 | Mos: 120 | Interest Rate: 5.25% or the current rate at time of purchase | Mo Pmt: $2,253.13

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

Tony Blair

Tony Blair
General Business Information

Listing ID: 4110-00239

Listing Type: Exclusive Right of Sale

Price: $295,000

Down Payment: $85,000

Category: Restaurants

County: Orange

State/Prov: Florida

Country: United States

Sales: $552,943

SDE: $127,090

Description of Business

Motivated seller ready to hand over the keys to a great diner serving breakfast, lunch and dinner in rapidly growing area of Winter Garden, Florida. The diner has a relaxed atmosphere, delicious food, and a very experienced staff in place for continued success. The business is situated in highway facing, clean and fresh strip center with a mix of other businesses near large residential communities.
This 6 year old, turn-key business has been SBA Lender pre approved. A qualified buyer with $85,000 down could step right in and start earning cash flow. Current owner only works about 20 hours a week.

Listing Details

Location: Highway facing in a fresh and clean strip center in West Orange County with a mix of other businesses near large residential communities.

Organization Type: Sub-S Corporation

Hours of Operation: Sat & Sun 7-3 Mon - Fri 7- 8:30pm

Years Established: 2016

Years Owned: Two

Employees FT: 7

Employees PT: 3

Managers: 1

Amount of Hours Owner Works: 20

Is Relocatable: No

Is Home Based: No

Is a Franchise: No

Is Lender Pre Qualified: Yes

May Qualify for a Visa: Yes

Financial Information
INCOME PERIOD, Year: 2021


GROSS SALES: $552,943

– Costs of Goods Sold: $170,420

= Gross Profit: $382,523

– Total Expenses: $275,113

= Net Before Taxes: $107,410



ADD BACKS

+ Owner(s) Salary: $19,680

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $0



TOTAL OWNER BENEFIT: $127,090

INCOME PERIOD, Year: 2020


GROSS SALES: $461,246

– Costs of Goods Sold: $138,373

= Gross Profit: $322,873

– Total Expenses: $229,239

= Net Before Taxes: $93,634



ADD BACKS

+ Owner(s) Salary: $19,680

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $0



TOTAL OWNER BENEFIT: $113,314

Assets Included in Sale

Inventory: $4,000 Included

FF+E: $150,000 Included

Leasehold Improvements: $150,000 Included

Total Assets Included: $304,000

Lease Information

Expiration Date: 2022-11-01

Square Footage: 2,000

Summary

Reason for Sale:

Discuss with seller.

Training and Support:

Two weeks training at no cost to buyer.

Non Compete: Five miles for 3 years.

Owner Qualifications:

Restaurant Management Experience

Financing Summary: SBA Lending being offered by Lynne Singletary at 44 Business Capital lsingletary@44businesscapital.com (407) 731-9555. Purchase Price: $295,000 | Working Capital: $0.00 | Down Payment: $85,000 | Loan: $210,000 | Mos: 120 | Interest Rate: 5.25% or the current rate at time of purchase | Mo Pmt: $2,253.13