Business Overview:
Purchased just 6+/- years ago, the owners turned this place around. Situated in a beautiful plaza right on US 1 with other food facilities and retail. The rent is ridiculously low and includes a small bay in the same plaza they use for storage of equipment and extra inventory. Square footage of the restaurant is 2,587 plus the additional storage bay all for the very low cost of $1,928.00 a month. That’s how you make money in the restaurant business.
The current picture is fantastic; where Covid-19 hit and hurt a lot of businesses, especially in hospitality, this place held its own. As seen on the tax returns, business in 2020 was only slightly off from 2019. Now jump to 2021 and sales are off the chart. 2021 numbers will be provided once the NDA /PFS / BIO are received. With 4 delivery services plus their own in-house delivery, take-out and dine-in sales are up over 2020-2019 for the same period. Currently running 50% dine-in, 50% take-out and delivery.
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Property Features and Assets:
Inventory: $13,000.
Lease/Month: $1,928. Square Footage: 2,587. Building Type: Strip Plaza. Terms & Options: 5 with a 5 year. Expiration Date: 2/28/2025. Leasehold: $30,000
Financing: $629,000. Mos: 120. Rate: 5.75%. Mo Pmt: $6,904.48.
Reason for Selling:
Relocating
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 not a franchise resale opportunity.
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