Restaurant - Rite Sandwich Shoppes
Location:
United States
->
Iowa
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Indianola
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Restaurant for sale: Maid - Rite Sandwich Shoppes have been a familiar part of many Midwestern communities for over 80 years. In addition to Maid - Rite fresh ground beef sandwiches, the menu includes other fast - casual staples such as a breaded Tenderloin, chili, French fries, and hand - scooped malts and shakes. The owner of this location closed the business and turned ownership back to the bank after battling a number of issues stemming mainly from the property landlord going into foreclosure. A new property landlord has taken over. All equipment is in very good condition and ready for operation. The sale price, along with possible short - term concessions from the landlord and Corporate franchisor, make this an outstanding opportunity to own a widely - known sandwich shoppe for significantly less than starting a similar operation from scratch. Located in a busy Iowa City.
Financials
Asking Price Range: < $250K
Gross Revenues:
$159,000
Cash Flow:
Seller Will Provide
Cash Flow Type: EBITDA
Inventory: $232,800
Seller Financing: Yes
About The Business
Year Established: 2008
Number of Employees: 1 - 3
Relocatable: No
Franchise: Yes
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Training available from corporate franchisor.
Reason For Selling: Other interests.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700105659
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