REDUCED! Successful Quickserve / Seller Financing for Qualified Buyer

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Business Description

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

Year Established:
2005
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
1,300
Lease Rate/Sq. Ft./Mo.:
$2.00
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Other Business Interests
Training/Support:
As Needed
Seller Financing:
50000

Listing Info

ID:
1561474
Ad Detail Views:
231
Asking Price:
$99,000

Gross Revenue:
$386,000
Cash Flow:
$60,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$6,000
not included in asking price

FF&E:
$40,000
included in asking price

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Business Listed by

Dave Long

Arizona Business Sales & Acquisitions
License# BR530350000

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U.S. Census Data for Maricopa County, AZ
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Maricopa County, AZ
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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