Biz by Andre

Fast Food Freestanding Drive-thru Building

Location : Santa Barbara County

Type of Business : Fast Food Freestanding Drive-thru Building

Asking Price : $325000 Plus Inventory, Approximately $5,000
Inventory : $N/A

Call Andre

Confidential Visit

Summary of Business

100% Employee run business. Freestanding Drive-thru building with a long drive-thru stacking lane. Newly remodeled inside and out. Business averaged $95,000 per month net sales in 2019 and up to Covid starting. Business hours then were 7am – 9pm daily. May 2019 net sales of approx. $84,000 and seller shortened the hours and does not currently sale breakfast. Net profit not effected with the shorter hours. Seller will continue with the shorter hours of 10:30am-8pm and no breakfast until business is sold. Buyer can increase sales with working in the business and serving breakfast. Business name is not included. Located in a small Coastal town in Santa Barbara County nearby a large Federal Government Facility that employees approx. 18,000 government and public employees. The town has a population of over 10,000 people and a High School (very close by) with an enrollment of over 1100 students. Next nearby town (less than 5 minutes away) has over 43,000 population. Real estate available for an additional $1,250,000. Approx 27,878 SF of land.

Other Details

No Data Available.

Income

Gross Yearly Sales: $$ 95,000 mo. net sales average for 2019. May 2020 was approx. $84,000 with indoor closed
Adjusted Yearly Net Profit: $$ 8 – 10,000 per month

Rent

Total Rent: $$ 6,500 mo.
NNN: $$ 500 mo. property tax
Length of Lease: New 10 year lease
Options: 0
Sq. Ft: 2,300
Occupancy: 48 inside and 16 patio

Employees

Number of Employees: N/A
Full time: 4
Part time: 11
Hours of Operation: Currently 10:30 am – 8:00 pm Hours Worked by Owner: N/A Payroll: $ $ 32-34,000 mo

Expenses

Insurance: $ N/A per year
Gas: $ N/A
Electric: $ $ 2,500 mo for all utilites including electric, gas
Water: $ water and trash
Phone: $ N/A
Trash: $ N/A
Internet and TV: N/A
Cost of Goods: $ N/A
Any other expenses: $ N/A