Profitable Fast Food Franchise With Real Estate

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Listing ID: 700381968

Listing Title: Profitable Fast Food Franchise With Real Estate

Quick Link: http://www.globalbx.com/listing.asp?bId=381968

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: Tennessee

Area

City:

Asking Price Range: $500K - $1.0M

Gross Revenues: $2,049,181

Cash Flow: $367,390

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2020

Number of Employees: 20 - 34

Business Description:
SBA pre-Qed restaurant on peaceful side of the Smokies 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 consistently high quality of the product. The business is for sale due to the owner-s pursuit of retirement. Revenues grew to more than $2m in 2021 and 2022, and SDE is averaging more than $340,000/year from 2019-2022. The owner believes the ongoing commercial development in Blount County will fuel an increase in revenues in the years ahead, and the young catering division presents another significant path to future sales growth. 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. The business is valued at approximately $1m, and the owner would prefer to include the real estate, valued at more than $2.2m, with the sale. An lender has pre-approved this business and real estate opportunity for an SBA 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.



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