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Franchise Restaurant Dine - In & Drive - Through
Location: United States -> North Carolina
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

ALMOST 70% SELLER FINANCING BEING OFFERED AT 0% INTEREST RATE! You will not find another deal like this.

Business and real estate to be sold together, each being valued at $400,000, for a total purchase price of $800,000.

This is a long standing prominent American style restaurant, situated on a busy hwy. The restaurant offers dine-in, drive-through, and catering options. There are currently 22 employees, with 3 managers (one is a co-owner). The equipment coming with the sale is all within 5 years old. Building is 5,800 sqft, seats 232 guests, and is in great condition.

This restaurant has been in business since 1978, and purchased by the current owners in 1999. They originally rented their facility until the landlord decided to raise the rent. Once they were notified about the rent increase, the owners decided it would be best to build their own location. The new location opened in March of 2006, and is a 5,800 sqft restaurant, which seats 232 people, and located on a highly trafficked highway.

Currently guests order at the counter, and the food is brought to their table. The owners believe a full-service model could increase revenue. Additionally, they do not sell alcohol, which would significantly increase business.

The demand is such that a satellite store, or a food truck would do well in the surrounding communities.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,538,104
Cash Flow:   $169,140
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $180,000
Seller Financing:  Yes

About The Business

Year Established:  1978
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Yes
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  retiring




Print Listing Id: 700379035
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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 > North Carolina Businesses For Sale > North Carolina Franchises For Sale > North Carolina Business Brokers



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