Underwritten
Edition No. 7 · No. 02 of 5 · Free edition

Cuban restaurant

Pompano Beach, FL · name withheld in the free edition Why no names?

PROCEED WITH CONDITIONSProceed, with three conditions.Cheaper than 80% of 25 similar businesses.
Asking price$175kas listed
Revenue$930kas listed
Seller earningsNot statedas listed
If a manager runs it$91kour rebuild, about 5 hrs a week
Hours with a manager~5 hrsa week, our estimate
Price over earnings0.2xsimilar listings: 0.4x
Contents

1What you're buying

  1. Twelve years of Cuban cooking, $930K of revenue, asking $175K.

    Dine-in, takeout, own delivery, own app, catering - an independent with channels most franchises would envy.

  2. Management already on payroll.

    A general manager and kitchen manager are employed - the single rarest feature in a restaurant at this price.

  3. The seller states no profit figure at all.

    The listing leads with revenue; earnings are our reconstruction: $167,400 to an owner-operator, $90,700 after pricing the owner's seat.

2Two ways to own it

If you run it
$167k
~70 hrs / week · your own week, our estimate
Someone else runs it
$91k
~5 hrs / week · after paying a $77k manager

The manager case prices the OWNER'S seat at $76,700 on top of the GM and kitchen manager already in the wage bill - oversight, not a phantom second GM.

Both ranges are our estimate, not the seller's figure. Each starts at its careful end.

3What the listing doesn't tell you

  1. The restaurant has a name and a following.

    We resolved the storefront, the review record, and the channel mix - subscribers get the name.

  2. There is no profit number.

    '$930K revenue' does the work; 'break-even with addbacks' hides in the notes. Our rebuild is the only earnings view on the table.

Two of 6 findings. The rest are in the full file.

4The price and the verdict

0.2x the seller's earnings; the middle of similar listings is 0.4x.

Based on asking prices, not completed sales.

PROCEED WITH CONDITIONS3 conditions before an offer

+In the full file

Premium opens these for every deal in this edition and the four before it.

The 3 conditions before an offerPremium

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

The desk's notePremium

What we like and what worries us, then the business, the earnings, the price, the risks and what to do this week.

The name and the listingPremium

Resolved by the desk to a name and an address; the original listing and the broker are 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

What no document we found decides, and the document that would.

The model and the research trailPro

Five-year projections per basis with the downside, the scenario workbook, and every check with its evidence.

The full file

The name, the three conditions, and the questions for the broker.

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1,000 listings screened, 5 published · Edition No. 7, 12 August 2026. We have no stake in whether any deal closes.

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