120K Net on taxes SBA approved 45K down

Lake Mary, FL (Seminole County)

120K Net on taxes SBA approved 45K down
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Asking Price: $475,000

Cash Flow: $120,000

Gross Revenue: $1,033,000

EBITDA: $120,000

FF&E: $100,000

Inventory: $2,500

Rent: $11,246 /Month

Established: 2007

120K Net on taxes SBA approved 45K down

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Business Description

1million Sales 735K gross profit 120K Net on taxes SBA approved 45K down

Pizza and Italian restaurant established many years in upscale area of Lake Mary. Very busy and very profitable. 60% pizza sales. Owners own 3 locations. Semi-retiring. The business is very well known for excellent food and authentic Italian recipes. Very busy location operated by a manager. Sales in excess of 1 Million per year. Gross profit on tax returns 753K !!!!
Established excellent location and very profitable. If owner operated net could be in excess of 250K.
Business is SBA pre-qualified at asking price.

Detailed Information

Location:
Lake Mary, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
5/12/2024
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Excellent location in very busy area of Lake Mary. Location can not be better.
Competition:
Excellent location in an area with lots of foot traffic. Recipes are authentic Italian. Owners are Italian with many years in Pizza and Italian food.
Growth & Expansion:
Keep as is with management in place or owner operate to increase profit
Support & Training:
Owners will train for 2 weeks onsite and 6 months via email and phone
Reason for Selling:
Owner semi-retiring
Business Website:
http://eddiehasan.com
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Eddie Hasan

Business Listed By:
Eddie Hasan

Mergers Acquisitions and Sales

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