Business Overview:
Freestanding 5,161 sq. ft. building on 1.04 acres. Parking for almost 100 cars. The subject site is a one story full service restaurant constructed in 1988 and renovated several times over the years. Construction detail include a wood frame structure on a concrete slab foundation, a combination wood, brick veneer exterior and a wood supported gable roof with an asphalt shingle cover. Ceilings are drop tile with florescent and incandescent lighting fixtures. Recent business opened approximately nine years ago and previously was a Shoney’s for over 20 years.
This restaurant has no restrictive covenants and could be converted to almost any retail or restaurant concept.
No key money required other then typical Landlord deposit and first months rent.
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:
Freestanding 5161/sf on 1.04 acres. Parking for almost 100 cars. Long term lease at $5,000 per month plus yearly Real Estate taxes of $11,405.44. The subject site is a one story full service restaurant constructed in 1988 and renovated several times over the years.
This is an asset sale of business, furniture, fixtures, equipment. Business and name may be kept as is but at the stated ”sacrifice sale” selling price no books and records are being provided other then expenses necessary to operate business.
No key money required other then typical Landlord deposit and first months rent.
Market Competition and Expansion:
This restaurant has no restrictive covenants and could be converted to almost any retail or restaurant concept.
Reason for Selling:
Asset Sale.
Additional Details:
- The property is leased.
- 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.
Resources: