Retro 50's Burger Restaurant w/Seller Financing

Port Saint Lucie, FL
St. Lucie County


Asking Price: Annual Revenue:
$200,000 $486,461

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Retro 50's Burger Restaurant w/Seller Financing Broker: Bob Leone
Owner Financing is Available!
Seller Loan: $50,000. Mos: 24. Rate: 8%. Mo Pmt: $2,261.36

Quick Facts

Asking Price: $200,000
Annual Revenue: $486,461
Net Profit: Not Disclosed
Cash Flow: $110,524
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 13
BBN Listing #: 232611185
Broker Reference #: 170-08483

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Business Overview:

Priced to sell: This is a Retro 50's Burger franchise with corporate headquarters in NC established in 1991. At this time there is less than one year left on the franchise agreement, and the buyer can choose to keep the franchise (all costs to do so are assumed by the buyer), or rebrand it and be up and running in a few weeks. The basic atmosphere is very cool. Take down the name and change the menu titles - old school 50's diner food, burgers-shakes & fries. The franchisee has had a successful 6-7 years and now wants to retire back to their home state. This location has been very successful due to the tremendous growth going on in the area. There are plans in place to widen the main road to four lanes, as well as rebranding the area “St. Lucie East”. Lots of residential blue collar new home growth going on to the demographic that this diner burger joint caters to. The initial build out was from the ground floor up and well exceeded $250,000. Cash flow is there and as a non-franchise with no royalties, it’s a great money maker. The financials shown represent buyer switching to their own burger/diner concept and rebranding.

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Property Features and Assets:

Inventory: $3,000 (Included in asking price). Lease/Month: $4,713. Square Footage: 2,547, Building Type: Huge Strip Plaza. Terms & Options: MTM. Expiration Date: 12/31/2021. Leasehold: $185,000. Seller Loan: $50,000. Mos: 24. Rate: 8%. Mo Pmt: $2,261.36

Reason for Selling:

Retirement

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 a franchise resale opportunity.

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