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Business for Sale Summary

Eat-in & Take-Out Restaurant for Sale in Morris Co - 32585

Business Type: delicatessen/catering services,misc. retail/non-classifiable,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
Eat-in & Take-Out Restaurant for Sale in Morris Co
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This business has received 74 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $75,000
Gross Revenues $310,000 Lease Remaining Register Free to View
Owner’s Cash Flow $50,000 Number of FT Employees Register Free to View

Financing

$75,000 Down and $50K over 4 yrs. @ 6%

Business Description

Stand Alone Eat-in & Take-Out Fast Casual Restaurant. This is a great opportunity to take an existing base of business and grow. In fact, sales have been growing since they opened. The owner has another business and cannot spend enough time in this location. The menu is simple and easy to follow. The space is 1,600 sf. with seating for 50, plus outdoor seating. The existing lease is for 10 years at a rent of $3,500/mth. In the past year the business grossed approx. $310,000.00 with a net cash flow of approx. $50,000.00 (a hands-on owner can increase this by cutting payroll). The business has a full staff of 5 F/T and 2 P/T employees. You can keep the concept and grow, make some changes, or bring in something new. We are seeking a serious and financially qualified buyer with at least $80K in liquid funds to cover the $75K down payment and $3,500 rent security. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.