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Popular Restaurant with a Great Naples Location


Listing No: BBF-966-54283  
   Public Pictures:   
Category :  Restaurants SIC :  5812  
Detail :  Pizza Shop Price :  650,000  
County :  Collier Down :  96,900  
State/Prov :  Florida Disc Earn :  183,552  
Country :  USA Sales :  1,678,419  

This casual and funky restaurant exploded on the scene 6 years ago and is wildly popular in Naples. Customers want to franchise this restaurant! With this delicious and simple menu, the business could grow by opening up other locations in SW Florida and beyond. This restaurant has been positively reviewed by national influencers so there is no need to spend too much money on advertising.

This restaurant occupies a 3000 SF landmark building with huge signage and high traffic counts. The owners own the property and a new owner will be offered a new long term lease. It may be possible to purchase the Real Estate as well. The restaurant is bright and open to the kitchen. There is interesting artwork and trendy music which creates a cool vibe. The seating capacity holds up to 100 people inside and 10-15 more can sit outside. Ample Parking.

The restaurant is bright and open to the kitchen. There is interesting artwork and cool music which creates a cool vibe. The seating capacity holds up to 100 people inside and more can sit outside. There is ample free parking on this property with easy access in both directions.


Documents on File :  Equipment List:  N     Lease: N    Corp Resolution: Y
  :  Cash Flow: N     Balance Sheet:  N
  :  Standard Agreement: N     Signature on File: Y
Showing Remarks :  CALL BROKER TO SET UP A SHOWING

Reason for Sale :  Other Business Interests
General Location :  Naples, FL
Organization Type :  'LLC'     Hours Owner Works: 10
  : Years Established: 6  Years Owned:  6  Emp FT:  27  Emp PT:  0  Mgrs:  1
Non Compete :  Miles:  5  Years:  2  Weeks Training:  2  Cost:   $0
Operating dys/hrs :  Tuesday-Saturday 4-9pm, Friday 11am-10pm, Sat & Sun 12-9pm
Skills/Licenses :  FL DPBR Wine/Beer & Seating
Business :  Is Relocatable: Y    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: Y    Should Qualify For Visa: Y

Data Source P/L Statement P/L Statement    
Year (Cash Flow) 2022 (N) 2021 (N) (N)  
Gross Revenue 1,678,419 1,571,745 0  
Cost of Goods 497,646 500,722 0  
Gross Profit 1,180,773 1,071,023 0  
Expenses 1,125,918 881,903 0  
Net 54,855 189,120 0  
Owner Salary 70,000 0 0  
Benefits 0 0 0  
Interest Expense 55,741 0 0  
Depreciation 0 0 0  
Other 2,956 935 0  
Discretionary Earnings 183,552 190,055 0  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 15,000 Y* ___________ 0 N*
F F & E 175,000 Y* Total Assets 190,000 Y*
Leasehold 0 N*
*Included?  

Lease/Month: 11000 Square Footage: 3000 Building Type: Free Standing
Terms & Options: New long-term lease avail Expiration Date: 11/30/2035

Lender Pre-Qualified Project Summary

 

Acquisition Costs Down Payment and Financing

 

Purchase Price 650,000   Down Payment 96,900
Working Capital 41,500   Loan/Assumable 0
Loan Fees 2,500   Loan/Seller 0
Closing Costs 5,000   Loan/Other 602,100
Total 699,000   Total 699,000

 

 

 

 


SBA Loan/Other - Amt:  602,100  Mos: 120  Rate: 9.50  Mo Pmt: 7,791.03  

JOSEPH ALTER Office :  (239) 849-9334  
BROKER Fax :    
  Home :  (239) 849-9334  
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell :  (239) 849-9334  
2640 GOLDEN GATE PARKWAY, SUITE 204        
NAPLES, FLORIDA 34105 Email :  [email protected]  
USA Home Page :  sunbeltofflorida.com





Listed By: Joe Alter

Background information

Reference:

54283

Finance

Sales:

$1,678,419

Profits:

$186,804

Profit type:

Discretionary Earnings

Price and terms

Price:

$650,000

Down payment:

$100,000