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Business for Sale Summary

Franchise Restaurant For Sale - 30841

Business Type: bar/tavern/night clubs,fast food franchise,other eating & drinking places,other food stores,restaurant/ cafes
Franchise Restaurant For Sale
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This business has received 39 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $220,000 Down Payment $220,000
Gross Revenues $600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $80,000 Number of FT Employees Register Free to View

Financing

$220,000 Down and

Business Description

This is a great business that is being run completely absentee. This business is in a great location of Nassau County, NY. It is grossing $600,000 a year. After all bills are paid, owners cash flow is $80,000. This is being done without an owner being there. The rent is $2,500 a month, with 18 years remaining on the current lease. The store is 11,000 square feet. It has six full-time employees and six part-time employees. Owner is asking $220,000 for the business. The owner is willing to hold a 30% note for the right buyer. Now let me tell you what a great opportunity this business is. This store is part of a 15-store franchise. The owner of this store is the owner of the whole franchise. The seller is giving the buyer an option, you could keep it as part of the franchise, or release the name and the menu and do your own thing new name, new menu. Please contact the broker at 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. Pm

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.