Owner Financing is Available!
Business Overview:
Rare opportunity to own Two - Wendy's Old fashioned Hamburgers restaurants. The stores are about 100 miles apart. The seller was the builder and developer of both locations and has owned and operated them for over 20 years. The business has remained stable even in this difficult economy and has potential to grow with a new and energetic owner.
One location is currently undergoing a complete interior and exterior remodel and will be getting almost all new equipment/fixtures/signage. This remodel will be complete on or before 3/31/11.
The other location is in good condition and was remodeled several years ago. The current twenty year lease expires in 2011 and the seller/new owner should expect some signing incentives to exercise option or negotiate an even more favorable new lease term. The current and renewal rent amount on this location is $6,500 per month triple net. This location has a new hi-rise sign off premise as well.
A prospective buyer as a new franchisee applicant must qualify to be a franchisee with corporate and must be active in the operation of the business. The training period for a new franchise is 12-14 weeks and takes place in a corporate market convenient for the buyer.
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:
Support/Training: Seller to provide 2 weeks & Franchise 12-14 weeks.
One location is currently undergoing a complete interior and exterior remodel and will be getting almost all new equipment/fixtures/signage. This remodel will be complete on or before 3/31/11.
The other location is in good condition and was remodeled several years ago. The current twenty year lease expires in 2011 and the seller/new owner should expect some signing incentives to exercise option or negotiate an even more favorable new lease term. The current and renewal rent amount on this location is $6,500 per month triple net. This location has a new hi-rise sign off premise as well.
Reason for Selling:
Other business interests.
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 a franchise resale opportunity.
Resources: