Business For Sale

Best Restaurant of its kind in Delaware-People Mag

Not Disclosed, DE
New Castle County


Asking Price: Annual Revenue:
$225,000 $475,801

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Best Restaurant of its kind in Delaware-People Mag Broker: Richard Collins
Owner Financing is Available!
$75,000.00

Quick Facts

Asking Price: $225,000
Annual Revenue: $475,801
Net Profit: Not Disclosed
Cash Flow: $123,635
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2008
Employees: 7
BBN Listing #: 683755492
Broker Reference #: 45783-121597

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Business Overview:

*Semi-Absentee Owner* This ten year old independent fast food restaurant has become a renowned Wilmington institution. On top of being famous locally the restaurant has been listed in "People Magazine" as having the best food of it's kind in the state of Delaware. The restaurant has also made the top 75 of it's kind in the nation at number 29 according to "The Daily Meal" and has been featured on news stations in Philly and Wilmington.
The business is housed in a free standing building with it's own parking lot on one of the busiest shopping/retail roads in Wilmington, DE.
Since the current owner works part time this restaurant could either be run by a manager or if the new owner wants to pocket more income he could run it himself.
The lease has two options from the current lease expiration on August 31, 2022. One from 2022 to 2032 and the second from 2032 to 2037. The rent increases from it's current level of $4500 to $4700 from 2022 to 2032 and $4900 a month from 2032 to 2037. Amazing!!! Building owner needs to approve new tenant.

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Property Features and Assets:

The business was originally purchased as a franchise 10 years ago and built out by the original (current) owner . It is now operated as an independent business. The owner wants to keep the sale confidential.

Market Competition and Expansion:

There are plenty of fast food restaurants in the U.S. and every State but not many get national recognition from People magazine as being the best in the state for what it serves. Local families have bee coming to the restaurant for years. The restaurant is known for it's innovative menu and friendly service. New variations of menu items are added often to keep things interesting but the restaurant owner never forgets what made the restaurant famous.

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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