Owner Financing is Available!
Business Overview:
This Hooters franchise is a freestanding 4,500 sq. ft. restaurant and bar that sits on a one acre parcel in a highly visible Metro Atlanta suburban location. As no new franchise opportunities are available this is a rare and seldom seen opportunity to own a Hooters.
2007 sales with absentee and out of town Owner grosses approximately $1,200,000 per year. Restaurant currently breaks even after paying all expenses and salaries to GM of $40,000 per year, kitchen management and kitchen staff and monthly loan payment with 2011 sales running about $100,000 per month. Adding a “hands on ” Owner Operator with just a little advertising, marketing and working with the community could dramatically increase sales.
Appraised three years ago at $1,500,000. Priced below appraisal at $1,350,000 which includes Real Estate and Business. The Seller would consider extending Owner Financing with a third down on sale of real estate and business as a package or even just on sale of business. Business is available at $350,000 with a monthly rental rate $7,500 per month triple net with extras at $7,000 per year for real estate taxes.
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:
Seats 140 with ten seat bar that looks into open kitchen. Outdoor deck is approximately 2,000 sq. ft. Appraised three years ago at $1,500,000. Priced below appraisal at $1,350,000 which includes Real Estate and Business. The Seller would consider extending Owner Financing with a third down on sale of real estate and business as a package or even just on sale of business. Business is available at $350,000 with a monthly rental rate $7,500 per month triple net with extras at $7,000 per year for real estate taxes.
Market Competition and Expansion:
Adding a “hands on ” Owner Operator with just a little advertising, marketing and working with the community could dramatically increase sales
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: