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Profitable Fast Food Franchise With Real Estate
Location: United States -> Tennessee
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

REDUCED: SBA pre-approved franchise restaurant w/real estate

The business is valued at approximately $1m, and the owner's would prefer to include the real estate, valued at more than $2.2m, with the sale.

An SBA lender has pre-approved this business and real estate opportunity for a loan. Highlights of the loan terms include a $450,000 down payment, an 8.5% fixed-rate for five years, and a 25-year term.

This franchise restaurant has been serving Blount County for decades, and is a staple for generations of locals. This is due to an excellent location, and the booming local growth. The business is for sale due to the owner-s pursuit of retirement.

There are numerous, excellent W2 employees, including two store managers. The owner works approximately 55 hours/week, both in store and at home, managing the operations, hiring and training employees, as well as handling the administrative and financial demands of the business.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,049,181
Cash Flow:   $367,390
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $195,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2020
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Yes
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  3 weeks
Reason For Selling:  retirement




Print Listing Id: 700381968
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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 > Tennessee Businesses For Sale > Tennessee Franchises For Sale > Tennessee Business Brokers



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