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Restaurant with huge selection of Craft Beer



Reason for Sale :  Other Business Interests
General Location :  S.W. Florida
Organization Type :  Partnership     Hours Owner Works: 0
  : Years Established: 201  Years Owned:  8  Emp FT:  18  Emp PT:  0  Mgrs:  3
Non Compete :  Miles:  3  Years:  100  Weeks Training:  2  Cost:   $0
Operating dys/hrs :  M-S 11am-Midnight
Skills/Licenses :  beer/wine license
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: Y    Is Lender P/Q: Y    Should Qualify For Visa: Y

Data Source P/L Statement P/L Statement P/L Statement  
Year (Cash Flow) 2018 (N) 2017 (N) 2016 (N)  
Gross Revenue 1,119,162 1,269,182 1,432,933  
Cost of Goods 343,982 361,883 427,299  
Gross Profit 775,180 907,299 1,005,634  
Expenses 740,022 773,940 839,152  
Net 35,158 133,359 166,482  
Owner Salary 0 0 0  
Benefits 138,962 151,523 179,059  
Interest Expense 23,883 40,445 14,563  
Depreciation 54,306 55,228 53,763  
Other 0 934 1,426  
Owner Benefit 252,309 381,489 415,293  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 30,383 Y* ___________ 0 N*
F F & E 50,000 Y* Total Assets 414,520 Y*
Leasehold 334,137 Y*
*Included?  

Lease/Month: 7600 Square Footage: 1654 Building Type: Shopping Center
Terms & Options: New long-term lease avail Expiration Date: 8/6/2021

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:  600,000  Mos: 120  Rate: 7.75  Mo Pmt: 7,200.64  

JOSEPH ALTER Office :  (239) 849-9334  
BROKER Fax :  (866) 985-8735  
  Home :  (239) 849-9334  
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell :  (239) 849-9334  
3510 KRAFT ROAD        
NAPLES, FLORIDA 34109 Email :  [email protected]  
USA Home Page :  www.sunbeltnetwork.com/naples-fl  

 



Pretzel

Background information

Reference:

NAPFL001-N48

Finance

Sales:

$1,119,162

Profits:

$310,742

Profit type:

Discretionary Earnings

Price and terms

Price:

$500,000

Down payment:

$150,000