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Financing: $75,000.00 Down and $50k at 3% for 12 months Reason for Selling:Too remote from other locations This location is in a heavily-trafficked shopping center. While net profits are low, this is primarily due to lower sales/profits due to the impact of COVID over the last 12 months along with high labor costs due to overstaffing to support the business remotely (current owner is out of state). The FF&E are brand new and the asking price is almost the equivalent of the total asset value of the FF&E alone at $103k! The reason this business is on the market is primarily because the distance from the other restaurants in this chain is too far and the owners do not want to focus on a single restaurant in an entirely different state. The right owner could benefit greatly from the upside this location offers by a) growing on-premise and off-premise as COVID restrictions are finally being removed, 2) being more present to interact with guests, and 3) driving down labor costs with more hands-on management (current owners needed to staff up throughout covid to support the location).
Permitted Use: Fast casual restaurant serving menu items like sandwiches, salads, bowls, juices, etc. or items similar to such. Tenant may also serve beer/wine on-premise with an alcohol license that currently is not in place and would increase cash flow/revenues.
To learn more, please contact the broker Nathan Goldstein at 877-735-5224.
In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. |
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
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1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
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