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Food & Beverage: Restaurants, Fast Food, Deli
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Business Overview:
This restaurant did almost $1.2 million last year. The small restaurant has been at this location for over 20 years. Approximately 90% of the customers are regulars. No marketing or advertisements have been done in years. The owner is absentee and pays the current manager $65,000 a year. An owner operator can increase sales plus replace the current manager after a few weeks. Selling at 2 1/2 times the net. Location also has a patio with a low rent of $5,000 which is currently at 5% of the gross. The location also has a patio with a low rent of $5,000 which is currently at 5% of the gross. Priced to sell at $390,000 with some financing to a qualified buyer.
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