Seller's Contact Information
- RE: Xtra Low Lease, Fully Equipped Restaurant, Downtow
- Contact: Becky Smith
Quick Facts
| Asking Price: | $79,900 | |
| Annual Revenue: | $150,000 | |
| Net Profit: | $1 | |
| Cash Flow: | $1 | |
| Total Debt: | $1 | |
| FF&E: | 6,328 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2018 | |
| Employees: | 2 | |
| BBN Listing #: | 864251531 | |
| Broker Reference #: | THCKNEVE |
Business Overview:
Great downtown high-traffic location with a super tasty extra low lease. The lease is only about $1,500 a month. Talk about low, even espresso stands pay more for their monthly lease than this restaurant. This is a restaurant with a fully equipped kitchen. Type 1 hood system, deep fryers lots of bells and whistles for you to make noise and be successful ($$$).
Lots of county offices, employees, businesses, a high school, and a military base are all close by. But the bestest anchor business is right outside this front door and across the street, there is a major venue that literally draws 1000’s of customers to your front door. This venue puts on major events on a regular basis. They even send out a 3-week calendar of events to the local businesses to give you prep time to make money. Talk about feeding the masses, oh yeah.
Fast food or fast casual dining set up at about 1400 square feet and seats about 40. Lots of street parking is available close by. Good signage and visibility. Good lunch and dinner sales but when events across the street are happening you need to bring in the extra staff cause it gets busy.
Some other good appetizers for you to nibble on (things to know) there is lots of life left on the lease, this is not a franchise so no extra fees or restrictions. The current food concept served here has little to no competition in the area. This restaurant does offer a full bar.
A breakfast menu could be offered to take full advantage of this fully equipped kitchen. There is a demand for an early morning menu and not many breakfast choices are in the area. There is NO website and no advertising or marketing taking place and very little presence on social media.
So, there are opportunities to cook up very many much more profits. Especially in this busy location, there are catering profits available too. Great tips and a happy atmosphere to own and work in as many of your customer base are preparing to have a fun evening out going to a big event. You get to be part of their big night out, and you be making money while doing it. Give us a call the request lines on this one are now open.
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Property Features and Assets:
The monthly lease is only $1,500 a month you pay your own utilities. The current lease expires June 2023 but does have a 5-year option to expand. The landlord does want to keep a tenant here long-term. Square footage is 1400 square feet, there is a 14-foot type 1 hood system in the kitchen. Fast food, fast casual set up, lots of free street parking. Clean, bright, and good-looking décor. Even has an office.
Market Competition and Expansion:
There is little to no similar same food competition in the area. No marketing or advertising has been done. The are lots of catering dollars and a breakfast crowd that could be pursued and captured in this busy downtown location.
Reason for Selling:
The owner pursue other business interests
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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