Successful Restaurant Chain
Location:
United States
->
Tennessee
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Successful restaurant chain in the Mid-South. The company owns and operates 7 locations. The company holds the rights to the name and the ability to develop and or franchise restaurants anywhere else. This highly respected chain features a breakfast, lunch and dinner menu. Present management is willing to transition new owners into the business. Current owners have positioned this company for profitability and growth. Revenues are $8.1 million and growing with strong profit margins. CY08 projections are $8.4 million. Net profits are up 17.5% over 2005 due to an additional location and better efficiencies in purchasing and operations.
Historical Financial Data:
FY ended December 31 ($000)
2005 2006 2007(est.)
Sales 6,997 7,813 8,100
EBITDA 803 931 951 (adjusted)
Highlights:
- 40 year history: Company has developed a winning formula over the 40 years it has been in business.
- High level of repeat business: Excellent customer service, quality food, diversified menu, and affordable prices.
- Attractive facilities: The restaurants offer a modern, clean, open, bright, design. It delivers a fast food concept with a feeling of a full service restaurant.
- Expandable: Owning the rights to the name and the concept the company is poised for expansion through additional company owned stores or franchising.
- Property, Buildings & Equipment: Included in the sale with debt being retired at closing. Favorable lease terms on existing leases.
Email or contact Terry Stidham, President, Target Search Group, 7478 Crystal Lake Drive, Memphis, TN 38016 at (901) 596-3075 for more information on this Restaurant Chain for sale.
Financials
Asking Price Range: $5.0M - $10.0M
Gross Revenues:
$8,100,000
Cash Flow:
$950,000
Cash Flow Type: EBITDA
Inventory: $1,500,000
Seller Financing: No
About The Business
Year Established: 1962
Number of Employees: > 200
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Management willing to transition.
Reason For Selling: Owners positioned company for growth. Timing is very good.
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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: 70077310
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