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Fantastic French Restaurant

Brevard County, FL

Seller Financing Available
Fantastic French Restaurant
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Asking Price: $350,000

Cash Flow: $184,672

Gross Revenue: $442,809

EBITDA: N/A

FF&E: $89,432

Inventory: $4,500

Rent: $2,500 /Month

Established: 2003

Fantastic French Restaurant

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Business Description

French Crepe restaurant opened only for Breakfast and Lunch. Owner works only PT. Concept has been operating only for 2 1/2 years and continues to increase patron following. Serves wine and beer. Rated indoor capacity at 31 guests includes wine bar. All equipment is in pristine shape. Great outdoor seating (25 seats) on City's main street that could be expanded for evening dinning. Full disclosure package available for review. Great YELP reviews. Financials are Tax Return based. Building is available to lease or purchase at $479K. Lender Prequalified.

Detailed Information

Location:
Brevard County, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,920
Lease Expiration:
10/20/2021
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant is located in free standing 1,750 SF building located along City's main street. Plenty of outdoor seating provides opportunity to expand operation to offer dinner hour dinning as well. Restaurant is turn-key and includes active wine bar.
Competition:
Only active for past 2 1/2 years with patron following and revenue continuing to experience strong growth. Full staff in place allow owner to participate in management role on PT basis (20 hrs/week).
Growth & Expansion:
Large hotel under construction near restaurant along with 20K SF office complex that should further increase area foot traffic. Nighttime hours could significantly increase top and bottom line financials notwithstanding restaurant is still generated improved following given 2 1/2 years in business with French crepe concept.
Financing:
$300,000 Lender Prequalified
Support & Training:
Up to 14 days at $0 consideration
Reason for Selling:
Alternative business venture.
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(from currently available funds)
 
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Brad Carpenter

Business Listed By:
Brad Carpenter

Bateson Business Brokerage, Inc.

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Sponsoring Broker:
Brian T. Bateson

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