Country:

USA

State or Province:

MD

City:

Beltsville and Annapolis Junction, MD

Location Zip or Postal Code:

20705 and 20701

Service Type:

Counter Service/Fast Casual

Title of Listing:

Deli emerging as a local chain

Year Established:

2013

Number of Locations:

2

Number of Seats:

51-150

Size:

1500, 2600, Square Feet

Patio:

Yes

Number of Employees:

Less than 10

Hours of Operation:

Both restaurants open 7:00 am to 3:00 pm Monday through Friday. No nights or weekends.

Growth or Expansion Opportunities:

Social media and online ordering not yet established and can offer serious additional returns.

Reason for Selling:

Owner health deteriorating.

Owner Operated or Absentee Owner or Flexible:

Flexible

Training Provided:

Yes

Asking Price:

$700K

Gross Revenue:

Will exceed !1M for 2019

Gross Revenue Range:

$1,000,000+

EBITDA (Earnings before Income, Taxes and Depreciation):

$100,000

EBITDA Range:

$100,000-$300,000

SDE (Sellers Discretionary Earnings):

$100,000

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment):

$60K and $100K

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Estimated Value:

$1K and $3K

Inventory Value included in price?:

Yes

Asset or Share Sale:

Flexible

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

4 years, 7 years

Total Monthly Rent:

$3000 and $2000

Financial Comments (include any Financing information that may be useful):

Owner to stay on for 30 days to assist transition.