Listing Number: BBF-58100028
| Category |
: |
Restaurants |
SIC |
: |
5812 |
| Detail |
: |
Diner |
Price |
: |
109,000 |
| County |
: |
Pinellas |
Down |
: |
109,000 |
| State/Prov |
: |
Florida |
Adj Net |
: |
118,611 |
| Country |
: |
USA |
Sales |
: |
687,211 |
| Corporate-owned restaurant perfect fit for owner operator or investor; popular international restaurant chain (brand awareness for over 20 years; significant international exposure) serves burgers, fries, shakes with 50's style entertainment (operational ease: simple and straightforward menu). Partner with high growth mode franchisor. Seller investment of over $600k on new buildout is your gain (typical $600k-$1m). $49k franchise fee included in price (additional franchising rights available). |
| Reason for Sale |
: |
corporate strategy is to focus on franchise expansion |
| General Location |
: |
St. Petersburg |
| Organization Type |
: |
Corp 'Sub S' |
| Hours Owner Works |
: |
0 |
| Years Established |
: |
8 |
| Years Owned |
: |
8 |
| Employees Full Time |
: |
3 |
| Employees Part Time |
: |
18 |
| Managers |
: |
1 |
| Non Compete |
: |
Miles: 3 Years: 2 Weeks Training: 0 Cost: 0 |
| Operating dys/hrs |
: |
Mon - Sat (10am - 9:30pm); Sun (11am - 6pm) |
| Skills/Licenses |
: |
Management; Restaurant Experience |
| Business is |
: |
Relocatable: N Home Based: N Franchise: Y Lender P/Q: N |
| Data Source |
P/L Statement |
P/L Statement |
|
| Year (Cash Flow) |
2007 (N) |
2006 (N) |
(N) |
| Gross Revenue |
687,211 |
776,824 |
0 |
| Cost of Goods |
171,954 |
186,952 |
0 |
| Gross Profit |
515,257 |
589,872 |
0 |
| Expenses |
546,599 |
575,376 |
0 |
| Net |
-31,342 |
14,496 |
0 |
| Owner Salary |
See |
See |
See |
| Benefits |
Cash |
Cash |
Cash |
| Interest Expense |
Flow |
Flow |
Flow |
| Depreciation |
Report |
Report |
Report |
| Other |
|
|
|
| Owner Benefit |
118,611 |
187,078 |
0 |
| Accounts Rec |
0 |
N* |
Real Estate |
0 |
N* |
| Inventory |
5,000 |
Y* |
Franchise |
49,000 |
Y* |
| F F & E |
250,000 |
Y* |
Total Assets |
604,000 |
Y* |
| Leasehold |
300,000 |
Y* |
|
*Included? |
|
| Lease/Month |
: |
9458 |
Square Footage |
: |
2000 |
| Building Type |
: |
Store Front |
Terms & Options |
: |
negotiable |
| Expiration Date |
: |
12/31/2012 |
|
|
|
| Loan/Assumable |
- Amt |
: |
0 |
Mos |
: |
0 |
Rate |
: |
0.00 |
Mo Pmt |
: |
0.00 |
| Loan/Seller |
- Amt |
: |
0 |
Mos |
: |
0 |
Rate |
: |
0.00 |
Mo Pmt |
: |
0.00 |
| Loan/Other |
- Amt |
: |
0 |
Mos |
: |
0 |
Rate |
: |
0.00 |
Mo Pmt |
: |
0.00 |
| JON FRANZ |
Office |
: |
(407) 421-0772 |
| BROKER |
Agent Direct |
: |
|
| BROWN, HARRIS STEVENS |
Fax |
: |
(407) 264-8734 |
| 190 E. MORSE BLVD. |
Cell |
: |
(407) 421-0772 |
| WINTER PARK, FLORIDA 32789 |
Email |
: |
franzjon@cfl.rr.com |
| USA |
Home Page |
: |
www.franzjon.com |
| The seller provides all data and financial information on this business for informational purposes only. The broker does not warrant the above information and advises the buyer to seek professional advice when purchasing a business. This offering by the seller is subject to change or withdrawal without notice. This information sheet has been prepared on a confidential basis exclusively for: |