Underwritten
Edition No. 8  ·  No. 04 of 5  ·  Lee County, FL

Peruvian rotisserie restaurant

5 hrs / week
Work hours, with a manager
$300k
Asking price
$817k
Revenue, as listed
$169k - 21%
SDE, as listed
PROCEED WITH CONDITIONS 4 conditions before an offercheaper than 64% of 25 similar businesses
Peruvian rotisserie restaurant$300k
The name, the conditions and the broker questions are in the file.Get the file
01 · What you're buying

Three facts.

01
A Peruvian rotisserie restaurant doing $816,600 of revenue, asking $300,000.Dine-in, takeout and one delivery app from a leased plaza unit. The seller states $169,411 of SDE - earnings before the owner is paid - as listed and unverified, on a revenue the listing itself calls a projection.
02
Opened in July 2024 with a team of seven, every one of them a 1099 contractor, and an owner the listing calls 'not essential'.Eighteen months of trading. No manager is named and no owner hours are given. The profit is SDE, which assumes the owner works unpaid - so either the owner works, or someone unnamed runs the floor.
03
The only measured cost is the rent, at 5% of revenue.Every other line in the cost build is the trade's typical, not this kitchen's - which is why our earnings are a band, not a point, and why the tax returns come first.
02 · The signature

Two ways to own it.

If you run it
$129kto$171k
~42 hrs / week · your own week, our estimate
Someone else runs it
$52kto$95k
~5 hrs / week · after paying a $77k manager

The manager seat is one general manager at 1.05 of a full-time equivalent, $76,818 on a $62,000 base, sized to a 42-hour week the listing never describes. If a manager is already on the payroll the deduction is conservative; if the owner also cooks, add a kitchen lead.

Ranges are our reconstruction of the numbers, on our normalized view of earnings, not the seller's figure. Each band starts at its conservative end.

03 · What the listing doesn't tell you

Two of 9 findings.

The same broker posts two asking prices, $51,000 apart.$249,000 on one platform, $300,000 on the other - and the lower one is already close to the price our build says works.
The revenue is a projection, and the restaurant opened in July 2024.Eighteen months of trading, a state licence dated November 2024, and a sales figure for a year the listing admits was not finished - with a claimed 42% jump over the year before.

+7 more in the full file

04 · The price and the verdict

Cheaper than 64% of 25 similar businesses.

1.8x the seller's SDE; the peer median is 2.0x. Based on asking prices, not completed sales.

PROCEED WITH CONDITIONS4 conditions before an offer
The file · locked sections
The 4 conditions before an offerPremium

Each one written out, with what would soften or close it before an offer.

The plain-English filePremium

28 questions answered in plain words, from “What does the business actually do?” to “What to do next”.

The name and the listingPremium

Not identified with confidence; the original listing is in the member file. Why no names?

Questions for the brokerPremium

Written from the conditions and the open checks, in the order we would ask them.

What we could not establishPremium

30 things no document we found decides, each with the document that would.

The model and the trailPro

Five-year projections per basis, the downside case, debt cover year by year, and the scenario workbook; the trail: 44 checks for this trade, each with its evidence and status.

The file

The name, the four conditions, the questions for the broker.

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1,000 listings screened · 7 researched to the end · 5 published · Edition No. 8, 10 October 2026. We have no stake in whether this deal closes.

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