Seller's Contact Information
- RE: Snack Shack And Café In College Area
- Contact: Jared Olson
Quick Facts
| Asking Price: | $1,120,000 | |
| Annual Revenue: | $1,452,098 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $390,403 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 393,708 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1991 | |
| Employees: | 23 | |
| BBN Listing #: | 157934398 | |
| Broker Reference #: | RST013-C |
Business Overview:
Serving Hotdogs to Hamburgers, Chicken to seafood, this eatery prides itself with their fan favorite menu. Established in 1991, this business is located near two colleges and has expanded into 3 locations serving the Plattsburgh community and surrounding areas. Each location has an outside patio and provides curb-side pickup. This upstate New York fast casual diner has 20 on staff with 2 tenured cooks who have been with the company for 20 years, 3 full-time front of house associates, and 15 part time employees. After 35 years of business, the current owners are looking to sell in order to plan for their retirement. Included in the purchase of this business is $650,000 in assets which include the furniture, kitchen equipment and travel trailers for catering events. The owners provide general oversight and handle payroll and scheduling. The current owners have agreed to stay on for a year in order to provide a smooth transition as well as carry 10% to show good faith in the continued success of this business.
Priced at $1,120,000, this business is primed for new ownership with many opportunities for growth. A new owner has the opportunity to add a card reader as another form of payment (as they currently only accept cash), expand into internet sales, and provide a delivery service. Additionally, the homemade sauce has been requested by many; jarring this key component and selling it separately could be an opportunity to generate more revenue. A 10% down payment of $112,000 returns $224,050 in the first year after debt payments!
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Property Features and Assets:
Lease: 3 locations – • 9 North – 1700 sq. ft. • 9 South – 1900 sq. ft. • 3 West – 2200 sq. ft.
Reason for Selling:
Retirement planning
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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