MergerPlace

American Classic Drive Thru

Utah (Utah)


  • Asking Price: $519,900
  • Gross Income: $633,338
  • Cash Flow: $169,328
  • Real Estate: Not Disclosed
  • Inventory: $4,000
  • FF&E: $45,000
  • Listing ID: #226185
  • Established: 1958
  • Employees: 6 FT/12 PT

Business Description

Incredible opportunity to own an iconic multi generational restaurant, providing customers with great American food, specialty menu items and delicious treats for over 60 years. This business is a staple of the community. With a very loyal customer base and a well run drive thru, this business has thrived during the CoVid pandemic. Currently only open 5 days a week, new ownership could take immediate advantage of additional hours. Restaurant is run from a free-standing building with hi-visibility on main street with ample parking (Real Estate is available). This flexible business opportunity can run as an owner-operated or promote from within to become an absent owner. Don't miss out on your opportunity to own this American classic.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Utah
County: Utah

Company Information

Year Established: 1958
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT/12 PT

Financial Information

Asking Price: $519,900
Gross Revenue: $633,338
Cash Flow: $169,328
FF&E: $45,000
Inventory: $4,000
Seller Financing Available: No

Property Information

Facilities:

Iconic building with a drive thru, indoor and outdoor seating options. Clean and well maintained kitchen has updated equipment. Sitting on .45 of an acre with great frontage and plenty of parking.

Growth & expansion opportunities:

Current owners have elected to only be open 5 days a week for lunch and dinner. New ownership could take advantage of this opportunity by expanding days and hours of operation.

Competition:

Although there is competition in the area, this business has passed the test of time. With over 60 years of serving history this business is a staple of the community.

Reason for selling:

Owners are selling to pursue other interests.

Support & Training:

Will train for 3 weeks @ $0 cost. New business owner will be required to obtain a local business and health department license. Restaurant manager will be required to have a food safety permit and all employees will be required to have a food handlers permit. All of these licenses and permits are easily obtained through city offices or online courses.

Contact Business Seller

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Business Listed By:

Shiloh Sorensen

Murphy Business Brokers