Casual American Marquee Brand Drive-in Restaurant

Business Overview:

Three generations have run this landmark restaurant in Union County since 1977. It provides its customers several dining options, including a unique niche dining service in the car. The food is all American and served at family-friendly prices with strong demand even during the COVID years.

The origin of the franchised restaurant brand itself dates back to the 1920s, and current owners purchase some of their supplies from the franchisor. The current owner has grown it to more than $1 million in revenue and has been running it with four other family members supporting as per their schedule, four cooks, and 12 part-time service staff.

The owner and his family have been taking a substantial amount of money as salary and wages, allowing a new owner to bring or hire external managers and run the business in an absentee or semi-absentee fashion, depending on the next owner's interest and availability.

The total family salary, not including employee benefits and discretionary expenses, for the last few years has been as follows:

2019 - $220,785
2020 - $297,850
2021 - $277,100
2022 - $222,375

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Property Features and Assets:

The business operates out of approximately 1,422 square feet of building on a 20,000 square feet parcel of land owned by the current business owner. Assets = $25,488

Market Competition and Expansion:

There are several restaurants in the area, but this establishment has maintained a strong reputation, and customers come from all over the country to eat a good family meal here. A new owner should be able to grow the business by tying up with food delivery apps, running loyalty programs in the form of coupons and additional marketing in the local media channels to draw more patrons from neighboring towns.

Reason for Selling:

The owner wants to retire.

Additional Details:

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