This quick service restaurant located in the east valley has become staple for Midwesterners looking for Chicago style food. The menu is simple to execute and at the same time offers an extensive selection of sandwiches, burgers, hot dogs and salads. They are open for lunch and early dinner five days per week and lunch only the other two days. The business is structured so that the owner enjoys a reasonable work week of approx. 45-50 hours per week. They have an excellent reputation as evidenced by very positive reviews on line. This is a concept that would work well in multiple locations across the valley.
The concept started in 2005 after noticing that the area did not have a restaurant offering high quality Chicago style food. The business was an instant success and 11 years later they have developed a loyal following representing a wide demographic in the east valley. They are known for high quality food and large portion sizes at a very reasonable price.
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
The business is located in a tasteful ±1,300 square foot suite in a well-known “high traffic” commercial center in the east valley with very high traffic counts. The location is AAA and it contains a mix of businesses that include other restaurants and specialty service business. The store has excellent exterior signage with easy access and egress.
The quick service industry is growing rapidly. There are “chain” type competitors in the local marketplace. Because of their unique menu and excellent service they compete exceptionally well against the national chains.
Growth & Expansion:
Sellers recognize that both customers and staff must be transferred to buyer thoughtfully and at the proper pace for all concerned. Seller is flexible regarding the familiarization period to provide thorough training of buyer and for smooth execution of the mutually agreed transition plan. Seller will include 14 days of familiarization and training included in the purchase price and the period beyond that can be addressed through an independent consulting agreement, if needed.
Asking Price: $99,000 Gross Revenue: $386,000Cash Flow: $60,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $6,000 not included in asking priceFF&E: $40,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
REDUCED! Successful Quickserve / Seller Financing for Qualified Buyer
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