Absentee Turnkey Fast-Casual Restaurant $550K Sales - $900K+ Buildout
Business Description
Rare opportunity to acquire a fully operating, turnkey fast-casual restaurant for only $150,000, despite more than $900,000 invested in the original buildout, commercial kitchen, equipment, infrastructure, and improvements.
The restaurant currently generates approximately $550,000 in annual gross sales and is operated completely absentee, with the owner having no day-to-day involvement in the business.
Under its current absentee operating structure, the restaurant operates approximately at break-even. This creates a meaningful opportunity for a hands-on owner-operator who can reduce management and labor costs, improve operating efficiencies, and actively grow sales.
One of the strongest features of this opportunity is the flexibility available to the next owner. The current franchise agreement has completed its term, allowing a buyer to:
Convert the location to an independent restaurant concept
Introduce another restaurant or franchise brand
Pursue renewal with the existing franchise brand
The buyer receives the benefit of a fully developed, operating restaurant without being locked into the current concept.
Key Highlights
Approximately $550,000 in annual gross sales, up 10% year over year, 2 years in a row!
More than $900,000 invested in the original buildout
Asking only $150,000
Approximately $150,000 in FF&E included
Currently operated 100% absentee
Owner does not work in the restaurant
Fully equipped turnkey commercial kitchen
Approximately 1,800 sq. ft.
Two outdoor patios
Type 41 beer and wine license
Approximately 5 years remaining on the lease
Additional 5-year extension option
Base rent fixed for the next 5 years at a favorable rate
Modern mixed-use residential and commercial development
Built-in residential and commercial customer base
Ample parking directly outside the restaurant
Extremely well-maintained premises and equipment
Buyer may convert to a new concept or pursue continuation of the existing brand
Significant upside for a hands-on owner-operator
Existing operating business allows a buyer to avoid the time, expense, and uncertainty of building a restaurant from scratch
Owner-Operator Opportunity
The current business has been structured for fully absentee ownership, resulting in substantial management and labor expense.
A hands-on owner-operator may be able to materially improve profitability through:
Replacing or reducing certain management and operating labor
Improved labor scheduling
Food-cost optimization
Increased local marketing
Catering and corporate accounts
Expanded delivery and online ordering
Promotions to nearby residents and businesses
Increased beer and wine sales
More active day-to-day management
Introduction of a new or differentiated restaurant concept
The location, customer base, equipment, infrastructure, and operating systems are already in place. The next owner can focus on improving operations and growing revenue rather than spending significant capital developing a restaurant from the ground up.
The restaurant currently generates approximately $550,000 in annual gross sales and is operated completely absentee, with the owner having no day-to-day involvement in the business.
Under its current absentee operating structure, the restaurant operates approximately at break-even. This creates a meaningful opportunity for a hands-on owner-operator who can reduce management and labor costs, improve operating efficiencies, and actively grow sales.
One of the strongest features of this opportunity is the flexibility available to the next owner. The current franchise agreement has completed its term, allowing a buyer to:
Convert the location to an independent restaurant concept
Introduce another restaurant or franchise brand
Pursue renewal with the existing franchise brand
The buyer receives the benefit of a fully developed, operating restaurant without being locked into the current concept.
Key Highlights
Approximately $550,000 in annual gross sales, up 10% year over year, 2 years in a row!
More than $900,000 invested in the original buildout
Asking only $150,000
Approximately $150,000 in FF&E included
Currently operated 100% absentee
Owner does not work in the restaurant
Fully equipped turnkey commercial kitchen
Approximately 1,800 sq. ft.
Two outdoor patios
Type 41 beer and wine license
Approximately 5 years remaining on the lease
Additional 5-year extension option
Base rent fixed for the next 5 years at a favorable rate
Modern mixed-use residential and commercial development
Built-in residential and commercial customer base
Ample parking directly outside the restaurant
Extremely well-maintained premises and equipment
Buyer may convert to a new concept or pursue continuation of the existing brand
Significant upside for a hands-on owner-operator
Existing operating business allows a buyer to avoid the time, expense, and uncertainty of building a restaurant from scratch
Owner-Operator Opportunity
The current business has been structured for fully absentee ownership, resulting in substantial management and labor expense.
A hands-on owner-operator may be able to materially improve profitability through:
Replacing or reducing certain management and operating labor
Improved labor scheduling
Food-cost optimization
Increased local marketing
Catering and corporate accounts
Expanded delivery and online ordering
Promotions to nearby residents and businesses
Increased beer and wine sales
More active day-to-day management
Introduction of a new or differentiated restaurant concept
The location, customer base, equipment, infrastructure, and operating systems are already in place. The next owner can focus on improving operations and growing revenue rather than spending significant capital developing a restaurant from the ground up.
About the Business
- Years in Operation
- 26
- Employees
- 7 (1 Full-time, 6 Part-time)
- Facilities & Assets
- Approximately 1,800 square feet with a professionally designed commercial kitchen, dining area, and two outdoor patios.
The restaurant was built specifically for high-volume quick-service operations and includes substantial commercial restaurant infrastructure and equipment that would be expensive and time-consuming to reproduce today.
The premises and equipment have been extremely well maintained and are ready for immediate operation. - Market Outlook / Competition
- The existing lease provides favorable protections regarding competing restaurant uses within the development.
Additional information regarding exclusivity and permitted uses will be provided to qualified buyers following execution of an NDA. - Opportunities for Growth
- The current owner operates the restaurant with minimal day-to-day involvement.
A hands-on owner-operator has considerable opportunity to improve performance through:
Increased local marketing
Catering and corporate accounts
Expanded delivery and online ordering
Community and residential promotions
Improved labor management
Food-cost optimization
More active day-to-day management
Expanded beer and wine sales
Introduction of a new or differentiated concept
The location, infrastructure, equipment, and customer base are already established. A new owner can focus on operations and growth rather than spending substantial capital and time building a restaurant from scratch.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,800
- Rent
- $6,600 per month
- Lease Expiration
- 12/31/2030
About the Sale
- Seller Motivation
- Owner is focusing on other business ventures.
- Transition Support
- The seller is committed to a smooth transition as per the buyer's needs.
- Financing Options
- Cash purchase only
Listing Info
- ID
- 2545012
- Listing Views
Listing ID: 2545012 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. See our full Terms of Use. Learn how to avoid scams.
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