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Fast Food Restaurant Signalized Corner
Asking Price: $450,000
Inventory: $8,000
Gross Sales: $840,000
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Confidential Visit Summary of Business
Free-standing Restaurant on a signalized corner with a large monument sign, great visibility, and easy access from all directions. Established for many years, serving Breakfast, Lunch, and Dinner. Full kitchen with well-maintained equipment. Large preparation area with second hood and a stove with oven, and dishwashing area. Full surveillance system, and POS with printers. Large walk-in refrigeration. The same owner for the last twelve years has decided to retire. Located in a commercial and residential area.
Other Details
Reason for Sale: Retiring
Income
Gross Yearly Sales: $840,000
Adjusted Yearly Net Profit: $170,000
Rent
Total Rent: $5,000
NNN: $585
Length of Lease: Available
Options: 0
Sq. Ft: 1,800
Occupancy: 70
Employees
Number of Employees: 5
Full time: 4
Part time: 1
Hours of Operation: 7 AM - 8 PM, Sunday 8 AM - 8 PM
Payroll: $13,000
Expenses
Insurance: $8,400 per year
Gas: $700
Electric: $1,100
Water: $135
Phone: $350
Additional Details
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