| Listing No: BBF-890712002 | *Worksheet Period(s) 2 Available* |
| Category | : | Restaurants | SIC | : | 5812 | |
| Detail | : | Family Style | Price | : | 229,000 | |
| County | : | Manatee | Down | : | 129,000 | |
| State/Prov | : | Florida | Adj Net | : | 84,780 | |
| Country | : | USA | Sales | : | 485,000 |
| New Cafe and Family Restaurant. Very Clean. Like New Equipment. 20 FT hood. Opened 5/1/11. Owner put over $400,000 in build-out, it is beautiful. Needs new owner to market restaurant better and grow it to its potential. (Currently doing over $40,000/month) Seats 122 inside and 25 outside. 2COP Beer and Wine License. Beautiful 3,000sq/ft End Cap in a very busy plaza. 2012 Numbers below are for 1 month. Owners looking for a smooth transition. |
| Reason for Sale | : | The Wife, the Restrauntor, is Retiring |
| General Location | : | I-70 and I-75 |
| Organization Type | : | Limited Corporation Hours Owner Works: 60 |
| : | Years Established: 1 Years Owned: 1 Emp FT: 8 Emp PT: 3 Mgrs: 0 | |
| Non Compete | : | Miles: 10 Years: 3 Weeks Training: 2 Cost: 0 |
| Operating dys/hrs | : | 7:00 AM to 8:00 PM Monday through Sunday |
| Skills/Licenses | : | Managerial/Restaurant |
| Business is | : | Relocatable: N Home Based: N Franchise: N Lender P/Q: N |
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| Data Source | Annualized | Owner to Prove | |||
| Year (Cash Flow) | 2011 (N) | 2012 (Y) | (N) | ||
| Gross Revenue | 485,000 | 40,965 | 0 | ||
| Cost of Goods | 9,460 | 22,330 | 0 | ||
| Gross Profit | 475,540 | 18,635 | 0 | ||
| Expenses | 390,760 | 11,570 | 0 | ||
| Net | 84,780 | 7,065 | 0 | ||
| Owner Salary | 0 | See | 0 | ||
| Benefits | 0 | Cash | 0 | ||
| Interest Expense | 0 | Flow | 0 | ||
| Depreciation | 0 | Report | 0 | ||
| Other | 0 | 0 | |||
| Owner Benefit | 84,780 | 7,065 | 0 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 2,000 | Y* | ___________ | 0 | N* |
| F F & E | 90,000 | Y* | Total Assets | 142,000 | Y* |
| Leasehold | 50,000 | Y* | *Included? |
| Lease/Month: 7216 | Square Footage: 3,000 | Building Type: End Cap in Plaza |
| Terms & Options: Options | Expiration Date: 5/1/2016 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 100,000 Mos: | 60 Rate: | 6.00 Mo Pmt: | 1,933.28 | |
| Loan/Other | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 |
| CHRISTOPHER SAVAGE | Office | : | (888)925-5055 | |
| ASSOCIATE | Agent Direct | : | (813) 784-4457 | |
| FLORIDA BUSINESS EXCHANGE INC | Fax | : | (813) 835-9851 | |
| 550 REO ST, SUITE 300 | Cell | : | (813) 784-4457 |
| TAMPA, FLORIDA 33706 | : | cesavage@verizon.net | ||
| USA | Home Page | : | savagebusinessgroup.com |
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Contact Chris Savage 813-784-4457
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