Popular Turn-Key Restaurant for Sale

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Asking Price:
$1,150,000

Gross Revenue:
$907,637
Cash Flow:
$155,117
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$17,500
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$300,000
included in asking price

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Business Description

Turn Key, seasonal, fast food business unique in the industry. Known to thousands around the world for its nostalgic business flavor. Includes real estate with ample off street parking, strong traffic count and great signage. Owners are ready to retire and will assist in business transition. Great potential for growth with strong customer demand.

About the Business

Location:
Cumberland County, Maine
Year Established:
1955
Number of Employees:
29
Relocatable:
Yes
Real Estate:
Owned
Building Sq. Ft.:
900
Facilities:
Restaurant space with seating for 20 inside and up to 200 outside via Canopy and large flat paved and lit parking lot including multiple curb cuts.
Market Outlook/
Competition:
Unique business concept with strong appeal to many including decades of Military personal and families. Car Hop Service is new to many and intriguing. Staffing is a challenge in today's employment market.
Growth & Expansion:
Seasonal could be expanded to year round, hours could be increased and business could also open on Wednesdays.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will assist in training & transition

Listing Info

ID:
1523169
Ad Detail Views:
494

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Business Listed by

Victor Tedford

Keller Williams Realty

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Sponsoring Broker:

Scott Balfour
Keller Williams Realty


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