Business for Sale Overview:
This business has been a family owned operation since 1975. For 30 years it has been in the same family. At the time the father started the business they were open 7 days a week. Historically Sunday has always been the busiest day of the week followed by Saturday as number 2 and Friday as number 3. In June of 2000 the seller decided that they needed some time off. They started closing on both Sunday and Monday. In August of 2004 they reopened on Mondays but still remain closed on Sunday. Here is a recap of the financials that reflect the change in the days that they are opened. When they were opened 7 days a week the gross sales were $1.1 to $1.2 million. The decision to close has obviously affected the gross sales.
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:
The current property taxes are $648 per month. The CAM will be adjusted annually. The building occupies 3,887 sq. ft. They have seating for 135 and parking for 75 cars. The owner is paying himself $2,416.66 per month in rent. A 30 year mortgage is only $2,458.11 per month. Support/Training: The seller will stay one month for a smooth transition.
Reason for Selling:
Retiring.
Additional Details:
- The property is leased.
- The owner is 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.