Restaurant - Town Landmark - Established 33 Years
| Asking Price: | $325,000 | Inventory: | $2,500 ++ |
| Gross Revenue: | $560,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $127,000 (comments below) | FF&E: | $117,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: If Sunday Sales $620,000 | |||
| Cash Flow Comments: If Sunday Sales $163,000 | |||
When this business was established in 1975, the business was exclusively a drive in, but today, 33 years later the customers have a choice. The customers can choose to relive the past and enjoy ordering from one of twenty-six speaker intercom system, without leaving their car. Within a flash, your food is delivered by a friendly car-hop. If you are of the new generation, you can go inside and order your food in climate controlled comfort, bright, and sparkling clean dinning room that seats 44 people. This restaurant is recognized for serving only the freshest of all ingredients of any place in-town and is also widely known for the best sweet tea in town, and has pellet ice to boot.
The restaurant is opened for Breakfast, Lunch and Dinner six days a week. The business is closed on Sunday’s giving the new owner an opportunity to increase revenue and profit. Generations have found themselves suspended in time, serenaded by a jute box, drinking a hand-dipped and spun milkshake, and enjoying plenty of southern hospitality and charm. Today you can still find hamburgers, hotdog, fried chicken, chili, slaw that makes this place household name all around the surrounding area. This is a business with a formula for almost guaranteed success.
Great Revenue & Operating Margins:
Revenue $560,000
Revenue if opened Sunday $620,000
Gross Margin 67% of Revenue
The restaurant is opened for Breakfast, Lunch and Dinner six days a week. The business is closed on Sunday’s giving the new owner an opportunity to increase revenue and profit. Generations have found themselves suspended in time, serenaded by a jute box, drinking a hand-dipped and spun milkshake, and enjoying plenty of southern hospitality and charm. Today you can still find hamburgers, hotdog, fried chicken, chili, slaw that makes this place household name all around the surrounding area. This is a business with a formula for almost guaranteed success.
Great Revenue & Operating Margins:
Revenue $560,000
Revenue if opened Sunday $620,000
Gross Margin 67% of Revenue
About the Business
Year Established:1975
Employees:1 full time - 10 part time
Facilities:2,500 square foot building on 3/4 acre. Lease payment to Seller: $4,500 per month
Market Outlook and Competition:Restuarant has an excellent reputation and is a great alternative to McDonald, Chick Fil-A, Wendy's, Burger King.
About the Sale
Management Training and Support:Two weeks
Reason For Selling:Owned business 33 years, want to try something different
Seller Financing:Will consider owner financing for 20% of purchase price to qualified buyer.
KEYWORDS: food, drive-in, hot dogs, hamburger, ice tea, car-hops
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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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