Local Pizzeria, Florida’s East Coast; St. Lucie County, Florida
Asking Price:$375,000
Cash Flow:$125,000
Gross Revenue:$550,000
EBITDA:$125,000
Established:2009
Business Description
Get your slice of the $46 Billion/year Pizza Industry!
Local Pizzeria, Florida’s East Coast; St. Lucie County, Florida
$375,000
Deal Recap:
Gross Revenue: $550,000
Purchase Price: $450,000
Cash Flow: $125,000+
Down Payment: $39,000
Local Pizzeria; St. Lucie County, Florida
Established Clientele
15 Years in Business
Long term lease
Buy an established restaurant with existing clients for $39,000 down!*
*(To qualify for 10% down you must have 10% post closing reserves, total 20%)
Cost to open a NEW Pizza restaurant is $350k,and this doesn’t include extra costs that comes with growing pains.
The Perfect Buyer:
Motivated person living in Florida or looking to relocate to, Florida’s Treasure Coast
Entrepreneur seeking a well-oiled business with an existing clientele
Online ordering system for pick-up or delivery in place.
Employees, in place.
Restaurant experience is good, but not required. 30 days Seller training included in offering
Owner operated Local Pizza Chain Restaurant for sale $375,000. Currently grossing $550,000 and Nets $125k+ per year as an owner of the business. Includes 5 employees in place willing to transfer with the business. This business operates in St. Lucie County, Florida Area and currently has 5 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: SBA financing IS available for this transaction up to 90%.
*To qualify for 10% down you must have 10% post closing reserves, total 20%
What Does Financing do for you:
Purchase Example:
Minimum 10% down, 11.50% interest, 10 year Amortization
Purchase Price $375,000
Equity Investment: $ 38,500
SBA Loan: $ 336,500
Working Capital: $ 0
SBA Guarantee Fee: $ 10,095
Closing Costs: $ 5,000
Total SBA Loan: $ 351,595
Monthly SBA Loan Debt Service: $ 4,943
Cash flow: $ 125,000
Annual Seller Loan debt service: $ 59,319
Cash Flow Net of Debt Service: $ 65,681
Cash on Cash Return: 170.60%
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 $39,000 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