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Fast Food Drive-thru
Asking Price : $1300000 Plus Inventory, Approximately $5,000
Inventory : $12000
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Confidential Visit Summary of Business
Same owner for almost 40 years. Very profitable business. The current sales and net is with ONLY USING THE DRIVE-THRU LAND. No take out, no dine in, just drive-thru. Also no 3rd party delivery services being utilized here (no Doordash, Uber Eats, etc.). This well established business in known though out the local community and has been profitable for decades. Being a small building lends to the profitability of the operation as it takes less employees to run and consumes less utilities. Prior to the close of escrow, the Seller will install a complete new roof with all new equipment on the roof (A/C, Swamp Cooler, refrigeration compressors, exhaust fans, etc. along with all new electrical work. This will lead to further utility savings as the insulation and equipment will be much more effecient than the current older equipment. The Seller will also slurry and strip the parking lot, and has already replaced much of the plumbing. The new owner should have little to no maintenance for years to come. The drive-thru stacking lane is very large and can accommodate over 15 cars. Additionally there is a extra parking lot that can accommodate large trucks. Try 25% down with new SBA loan.
Other Details
Reason for Sale: Retiring almost 40 years at this location
Income
Gross Yearly Sales: $150000
Adjusted Yearly Net Profit: $40000
Rent
Total Rent: $500
Options: 0
Sq. Ft: 1550
Occupancy: 44
Employees
Number of Employees: 10
Full time: 6
Part time: 4
Hours of Operation: 8am - 8:30 pm, Friday and Saturday 8am-9pm
Payroll: $ 32000
Expenses
Insurance: $ 425 per year
Gas: $ 800
Electric: $ 1,500
Water: $ $ inc in electric bill
Phone: $ 75
Trash: $ 375
Additional Details
Year Established: 1976
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