Profitable Casual Quick Service Restaurant which is part of a group in their present location since 2003 is for sale with good books and records and verifiable financials, with all the staff and manager In place and good revenues with provable cash-flow, all set in a great location. $950,000 in annual sales with $95,000 in owners profit. Owner may carry back a small note to well qualified buyers. Easy to operate counter service restaurant selling quality soups, salad's, roast meat and vegetables with an average $10-$12 spend per head. This is a volume restaurant operation with a semi-absentee owner, so a fully engaged owner/operator would create the day to day management needed to increase the sales and profits. Full training will be provided by the owner and team, therefore a buyer with some restaurant experience, good financials, credit worthiness and the ability to learn the business quickly should be extremely successful. The name of this restaurant is NOT included with the sale and this business has therefore been priced accordingly. The location is so good and the product is so popular that the name change could actually be a great upside. New long lease is available at under market rent. Please complete the 'Non Disclosure Agreement' on our site and we'll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationInc.
  • Established2003
  • Current Owner2003
  • Employees5 FT / 10PT
  • Reason For SaleOther Interests

Facilities

  • Seating60
  • Square Feet2900
  • Parking100+
  • LicensesHealth, Business & ABC Type 41 License.
  • Open HoursSun - Thurs 11am - 9pm Fri & Sat 11am - 10pm

Lease

  • Rent$6,524 Inc NNN
  • ExpirationNew Lease Negotiable
  • Yearly Increase3%
  • OptionNew Lease Negotiable
  • Deposit$5,610

Financials

  • Monthly Revenue$79,687
  • Monthly Cash Flow$7,917
  • Annual Revenue$956,246
  • Annual Cash Flow$95,000
  • Payroll$$27,432

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location