The business has operated from its current location for 25+ years. High traffic counts, dense population and walking distance to many professional office buildings make this a great location. The seller owns the Real Estate and will either sell or lease. Most of the revenue is generated by walk-in traffic that dines at the restaurant or carries out. A growth area is expanding the catering which is very profitable and a great way to expose the product.
Many recent upgrades have been made to the facility including electrical and plumbing updates, new roof, parking lot resurfaced, interior exterior LED lighting, 10-ton addition to HVAC, new furniture in customer dining area and more. Buyer has the option to purchase Real Estate for $380,000. A typical Real Estate purchase scenario and bank loan - 10% down, 20-year loan, 6% interest produces a monthly loan payment similar to the $2,500 rent expense. Investing in the Real Estate versus renting would be a great opportunity for the new owner to build equity.
New blood is needed. A very solid core business is established. New energy and ideas will stimulate the operation for additional growth.
This business has a long history of successful performance which the financials support.
Other business interests.
Will train for 4 weeks @ no cost The new owner will receive proprietary recipes and full training on systems and procedures. It is very important to the seller that a new owner succeed.