***SOLD 6/28/2024***
High Producing Fast Casual Chain Restaurant; Florida Panhandle Coast (Florida)
Asking Price:$900,000
Cash Flow:$300,000
Gross Revenue:$1,400,000
EBITDA:$300,000
Established:2017
Business Description
Your Florida beach living reality awaits!
High Producing Fast Casual Chain Restaurant; Florida Panhandle Coast
$900,000
UPDATE: 2023 Gross Revenue $1,339,000 up 10.5% over 2022
Deal Recap:
2022 Gross Revenue: $1,212,000
2023 Gross Revenue: $1,339,000
2024 Proj. Revenue: $1,450,000-1,500,000
Purchase Price: $900,000
Cash Flow: $379,000+
High Producing Fast Casual Chain Restaurant; Florida Panhandle Coast
Blocks from gorgeous beach
High tourist area
Long term lease
High traffic area
Entrepreneur seeking to find a well paying career near the beach in Sunny Florida
Restaurant experience a plus, but not required
High Producing Fast Casual Chain Restaurant for sale $900,000. Currently grossing $1,400,000 and Nets $379k+ per year as an owner operator of the business. Includes 12 employees 4 Full Time in place willing to transfer with the business. This business operates in a high traffic lifestyle center and currently has 12 employees. The seller is a hands on owner who is willing to stay for a 30-45 day transition period, subject to negotiation. Great Opportunity at a Great Price!
Financing: Seller financing IS available for this transaction up to 70%.
- 70% financing; 11.5% interest; 10 year amortization; 5 year Term
- 50% financing; 9% interest; 10 year amortization; 5 year Term
What Does Financing do for you:
Purchase Example:
Minimum 30% down, 11.50% interest, 10 year Amortization, 5 year term
Purchase Price $900,000
Equity Investment: $ 270,000
Seller Loan: $ 630,000
Working Capital: $
SBA Guarantee Fee: $ NA
Closing Costs: $
Total Seller Loan: $ 630,000
Monthly Seller Loan Debt Service: $ 8,858
Cash flow: $ 379,000+
Annual Seller Loan debt service: $ 106,290
Cash Flow Net of Debt Service: $ 272,710
Cash on Cash Return: 101.00%
Purchase Example: 50% down
- 50% financing; 9% interest; 10 year amortization; 5 year Term
Equity Investment: $ 450,000
Seller Loan: $ 450,000
Monthly Seller Loan Debt Service: $ 5,700
Cash flow: $ 379,000+
Annual Seller Loan debt service: $ 68,405
Cash Flow Net of Debt Service: $ 310,595
Cash on Cash Return: 69.02%
You may complete the NDA now using the link below. Please provide the first page of your bank or brokerage statement, or online snapshot (with account number redacted), showing at least $270,000 down payment as your Proof of Funds.
Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a Box.com link.
Contact Darin Jerger for details on all of our Premier Listings.
Darin Jerger
949-793-2999