Business for Sale Overview:
Fast food restaurant featuring hot dogs, burgers, seafood, chowder, chicken, fries, fried dough, plus more. 50’s/60’s motif. Very successful restaurant on heavily traveled state highway. Very strong profitability, historically strong gross profit of 65% based on accurate books/records. Absentee owner- volume is strong and should increase with hands on owner/operator. Upgraded the facility in recent years, investing approximately $40,000. Gross income estimated for 2009. Inventory: $4,000(E). Financing: $100,000 down, balance subject to seller financed note.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. 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 $3,500.00/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: $4,345.00/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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.