Franchise Restaurants
| Asking Price: | Not Disclosed | Inventory: | $43,000 ++ |
| Gross Revenue: | $3,526,000 | Real Estate: | $6,191,000 ++ |
| Cash Flow: | Not Disclosed (comments below) | FF&E: | $572,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: currently operating at break even | |||
Restaurants are located at the exits of a major interstate highway providing excellent visibility and traffic. These are great locations that could benefit from experienced, hands-on ownership, but could be repositioned for an acquirer who wants to convert to a different concept. These franchise family-style restaurants are known for their gourmet hamburgers, chicken, pasta, salads and steak dishes. The Franchise specializes in offering casual dining using the freshest, highest quality ingredients in everything it serves. The Company operates from three facilities totaling 15,362 square feet, described as follows: Location 1 (5,668 sq. ft.); Location 2 (6,694 sq. ft.); and an office facility (3,000 sq. ft.). The Company’s full-time employee base includes 8 experienced managers, 10 kitchen/cooking personnel, and 2 administrative/bookkeeping professionals. The Company is very well positioned for growth. It has the infrastructure in place to facilitate expansion, enhancing its ability to secure additional future business.
About the Business
Year Established:2002
Employees:55 full time - 45 part time
Franchise:Yes
Facilities:Restaurants are located at the exits of a major interstate highway providing excellent visibility and traffic. These are great locations that could benefit from experienced, hands-on ownership, but could be repositioned for an acquirer who wants to convert to a different concept. The Company operates from three facilities totaling 15,362 square feet, described as follows: Location 1 (5,668 sq. ft.); Location 2 (6,694 sq. ft.); and an office facility (3,000 sq. ft.).
Market Outlook and Competition:There is competition for casual dining in the area.
About the Sale
Management Training and Support:The owners have built and trained an exceptional management staff with decades of experience in the industry, reducing dependence on the owners. Given an agreeable deal structure and compensation package, the owners are amenable to remaining with new management during a transition period.
Reason For Selling:The current owners would like spend more time volunteering and retire at their Florida home.
Seller Financing:negotiable depending on the buyer's needs and abilities.
KEYWORDS: Restaurant, Franchise, Real Estate, high traffic, great location
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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