3 Pita Pit Restaurants; Vancouver, WA

Vancouver, WA (Clark County)

Pita Pit
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Asking Price: $750,000

Cash Flow: $120,000

Gross Revenue: $1,140,000

EBITDA: $120,000

FF&E: $150,000

Inventory: $20,000*

Established: 2007

*not included in asking price.

3 Pita Pit Restaurants; Vancouver, WA

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Business Description

Three Pita Pit Restaurants, Remodels Included in Purchase!

Please complete the attached NDA now and Fax to 877-311-0970, or email to NDA@Routes.ForSale, along with the first page of your bank or brokerage statement (with account number redacted), showing at least $400,000 downpayment for the purchase.

OR

COPY & PASTE link below to your Web Browser address bar to Digitally sign the NDA and show proof of funds through RightSignature.

https://secure.rightsignature.com/templates/49bb0325-ec74-4365-8550-73b905e31c43/template-signer-link/2c18ccf0adb506bcd6889dd932171c32

Three pita pit restaurants for sale Vancouver, Washington

3 Pita Pit restaurants currently grossing $1.14 million+ with $120,000 in cash flow

Purchase price $750,000
Gross Sales $1,140,000
Cash flow $120,000
FFE $150,000

Included with full price purchase:
Three remodels ($200k Value), which should spur Sales and Cash Flow Growth
Three New 10 year franchise agreements ($75k Value)

Cost for new Pita Pit build is $275k each, plus cost of Franchise Agreement.

Financing: SBA financing IS available for this transaction in the amount of $350,000 for well qualified buyers.

What Does Financing do for you:

Example:
50% Down
8% 10 year Amortization

Equity Investment: $ 400,000
SBA Loan: $ 350,000
Working Capital: $ 30,000
SBA Guarantee Fee: $ 11,400
Closing Costs: $ 10,000
Total SBA Loan: $ 401,400

Monthly SBA
Debt Service: $4,870

Current cash flow: $120,000
Annual SBA
debt service: $58,441
Cash Flow Net
of Debt Service: $61,559

Cash on Cash
Return: 15.39%

Attached Documents


Detailed Information

Location:
Vancouver, WA
Inventory:
Not included in asking price
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Three leased restaurant spaces.
Growth & Expansion:
Three remodels are included with the purchase, which are valued at $200,000. The remodels should lead to an increase in revenues.
Support & Training:
Seller is willing to stay on for 30-45 days, subject to negotiation.
Reason for Selling:
Retirement
Contact Seller

Contact the Seller

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Darin Jerger

Business Listed By:
Darin Jerger

Aegis Investment Group, LLC

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