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Business for Sale Overview:

This Is A Brand New Restaurant Which Opened August 2007 And The Annualized Gross Revenues Are Running @ Approximately plus $778,000. The Owners Here Need To Sell As They Are In Litigation On A Restaurant They Opened In 2005 In Another Area. They Are Motivated! This Is A Fully Decked Out Sports Bar With New Equipment Front And Back, Type 41 License, Full Cooking Facilities, Two Large Hoods, Deep Fat Fryer And A Proven Fast Food Concept.Their Cogs Is Out Of An Acceptable Range @ 44% A New Owner Should Be Able To Bring This Down To 28/33% And Increase The Bottom Line.

Property Features and Assets:

Lease Expiration Date: August 15, 2017; One Option for 60 months @ Market; Approximately 6,000 square feet per lease; Lease Transfer Fee: $1,500 paid by tenant; Base Month Rent: $9,000 per month plus NNN $500 per month; Base Rent Fixed 1st 3 years @ $1.50 square feet, then goes to approximately $1.64 square feet year 4; thereafter minimum 3% - maximum 5%. Security Deposit: $9,000.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is a distressed business or bankruptcy situation.