Fast Casual Eatery With 2 Locations

Business Overview:

Serving hotdogs to hamburgers, chicken to seafood, this fast casual diner prides itself on their fan favorite menu. Since the early 90’s, this multi-location snack shack has been serving customers located between two colleges and throughout the Plattsburgh community and surrounding areas. Over the last 10 years owner has spent less time in operations and more so on overseeing accounting. Staff includes 2 tenured cooks who have been with the company for 2 decades, 3 full-time front of house associates, and 15 part time employees.

Included in the purchase of this business is $680,036 in assets which include the furniture, kitchen equipment and travel trailers for catering events. After providing service for over 30 years, the owners are looking to sell in order to plan for their retirement. They are willing to train the new owner for up to a year and have offered to carry 10% of the purchase price to show that they trust the future success of the business! This business is primed for new ownership
with many opportunities to grow. A new owner could add another form of payment, expand into internet sales, or incorporate a delivery service as a form of increasing revenue.

Priced at $945,000, both locations are designed in a comfortable and convenient way. There is an outside patio that allows for an open environment where customers can enjoy their favorite foods and hang out with friends or family.

The business also has a popular homemade sauce that could be jarred up and sold separately to reach a wider clientele. A 10% down payment of $94,500 returns $193,816 in the first year after debt payments!

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Property Features and Assets:

Equipment: $275,762 Furniture: $117,946 Buildout: $260,328 Inventory: $26,000

Market Competition and Expansion:

Add a card reader as another form of payment, apply for a liquor license, expand into internet sales, add a delivery service, jar and sell the homemade sauce.

Reason for Selling:

Retirement

Additional Details:

Documents:

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