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Family Restaurant / Fast Food
Asking Price: $199,000
Inventory: $12,000
Gross Sales: $1,140,000
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Confidential Visit Summary of Business
Beautiful Freestanding Restaurant with main dining room and a 2nd separate dining room that can be used for overflow or parties. Upper-income neighborhood with one side surrounded by residential properties and the other side with industrial and office buildings, the combination of which provides for a strong breakfast, lunch, and dinner shifts. There is a large, comfortable full kitchen. Beer and wine license in place. Mostly employee-run business with the Owner working 3 days per week, and management in place to run the business daily. Service is more fast-food style with customers ordering at the service counter and employees delivering food to the tables. Lots of parking. This one is ready for an owner who wants to be engaged in the business and will enjoy pride of ownership in this very good-looking family restaurant.
Other Details
Reason for Sale: Has other business and cannot devote full time to this one.
Income
Gross Yearly Sales: $1,140,000
Adjusted Yearly Net Profit: $96,000
Rent
Total Rent: $12,404
NNN: $inc in rent
Options: 0
Sq. Ft: 4,658
Occupancy: 172
Employees
Number of Employees: 16
Full time: 6
Part time: 10
Hours of Operation: 7am - 8pm
Payroll: $30,000
Expenses
Gas: $100
Electric: $2,450
Water: $115
Phone: $165
Trash: $270
Internet and TV: $170
Additional Details
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