Growing Quick Serve and Take Out Restaurant - 35534 Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,fast food franchise
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $249,990 | Down Payment | $199,000 |
| Gross Revenues | $1,100,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $110,000 | Number of FT Employees | Register Free to View |
Financing
$199,000 Down and $50,990 overs terms TBD.
Business Description
This growing restaurant has a simple and proven concept, and it's located in a shopping center with major anchor tenants and over 200 parking spaces.
In the past year, the business grossed approximately $1,100,000 with an owner's cash flow of $110,000.
The rent is $6,850 per month, which includes garbage, water, taxes, and common area maintenance.
Even better, the rent is fixed for the next 5 years, and there are 18 years left on the current lease.
The seller may consider seller financing for a well-qualified buyer with experience in the food service industry.
To qualify, buyers must have at least $199K in liquid funds, and proof of funds will be requested before any meetings are scheduled.
All meetings must be made by appointment only.
Don't miss out on this opportunity to own a profitable restaurant in a prime location.
To learn more, contact Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.
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.
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.
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