Posted on

Three Pita Pit restaurants for sale Vancouver, Washington

*You may fill out and sign the NDA online by clicking on the Sign Document button below or you may 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 down payment as your Proof of Funds. Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a link to Box.com

Sign Document

Purchase Price: $750,000
Three pita pit restaurants for sale Vancouver, Washington
3 Pita Pit restaurants currently grossing $1.14 million+ with $120,000 in cash flow

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

SBA financing IS available for this transaction in the amount of $350,000
25% Down 8.00% 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%

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

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