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Owner Absentee Profitable Hamburger Joint
Location: United States -> Maryland
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

The menu is very, very simple but the taste and quality of the food is second to none. Despite its short history it has become a very popular place for diners. The sale is growing steadily each month. The current owner owns many other businesses and his family issue is forcing him to sell this very promising business. It is a perfect starting point for a savvy business person who has the ambition to develop it to a franchise-yes, this is a perfect model to make it a franchise!

The payroll is very high, about $17,000 per month, since it's an owner absentee business. An owner operator can substantially reduced the payroll by running it more efficiently and economically.

Detailed Information
Facilities: The location, setup and menu are impeccable. It is located in the heart of an affluent and vibrant city, and the population is growing at a rapid pace much due to the constructions of high rise residential buildings. Purple Line RR is also scheduled to come in near future.

Support & Training: 2 weeks
Reason for Selling: Family issues.

Asking Price: $390,000
Gross Income: $670,000
Cash Flow: $100,000


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $670,000
Cash Flow:   $100,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2013
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Two weeks
Reason For Selling:  Family Issues

Photos

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Owner Absentee Profitable Hamburger Joint Photo 1 Owner Absentee Profitable Hamburger Joint Photo 2




Print Listing Id: 700251006
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Maryland Businesses For Sale > Maryland Franchises For Sale > Maryland Business Brokers



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