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Business for Sale Summary

Fast Food Franchise in Bronx County, NY - 31306

Business Type: special situations,assets only sale,best deals!,must sell/drastic price reduction!,fast food franchise
Fast Food Franchise in Bronx County, NY
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This business has received 3 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $180,000
Gross Revenues $252,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$180,000 Down and 70000 over TBD

Business Description

This business for sale is 3 businesses in one in Bronx County, NY. 24-HOUR FOOT TRAFFIC. ALMOST $400,000 INVESTED INTO IT SO FAR. THE LEASE ITSELF IS INVALUABLE. IT TOOK OVER A YEAR TO NEGOTIATE IT WITH THE LANDLORD.The business owners took over the location 9 months ago, and due to partnership disagreements, it has not grown as fast as it could in this location. Everything is new in this location, from the flooring, to the tiles, the the front doors and windows, to the equipment (7.5 ton Carrier A/C, New grill, deep fryer, charcoal grill, from brands like True, Star, Imperial, etc.) Business has been open for only for 7 months which the numbers reflect. A new dedicated owner operator could significantly increase the revenue. Currently offering fast, convenient food options, but you have all the equipment to offer any sort of food you'd like. They have a very attractive lease for 14 years, and they are willing to help you during the transition period. The owners have been running businesses for a long time, and they are fond of the opportunity here, but are not fit to run this business at this time! CALL TODAY TO SCHEDULE A MEETING. YOU WILL BE VERY IMPRESSED WITH THE LOCATION.

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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.