Owner Financing is Available
Business for Sale Overview:
Fast food restaurant featuring hot dogs, burgers, seafood, chowder, chicken, fries, fried dough, plus more. 50's/60's motif. 2010 starting off with exceptionally strong sales volume, year to date 2010 sales through mid March are up 42.5% above the same period last year. The proforma estimate assumes a more conservative approach, utilizing a 25% increase over 2009. Stepped up advertising efforts through active email contact/messages, with something like 3,000 plus customer addresses, promoting weekly specials, supplementing more traditional advertising efforts. Strong profitability, historically strong gross profit of 65% based on accurate books/records. Absentee owner- volume should increase with hands on owner/operator. Upgraded the facility in recent years, investing approximately $40K. Financials estimated for year 2010. Inventory: $4K (E).
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
.27 acres of land /1,441 sq. ft. block building. Owner of the business is also the owner of the property. Proposed lease as follows: a new 5+5 triple net lease will probably be offered. The base rent would be approximately $4,000.00/mo., plus the property taxes, and insurance on the building, bringing the total to $4,200.00/mo. In addition, there is monthly rental payment to the State of Connecticut of $145.00/mo. for a small portion of land, adjacent to the state highway. Total: $4,845.00/mo. The base will be subject to annual increases.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.