Chris Doehner | 1021 - Family Franchise Restaurant Incl. Building – $1,495,000

 

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1021 - Family Franchise Restaurant Incl. Building – $1,495,000

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1021 - Family Franchise Restaurant Incl. Building – $1,495,000

This is a full-service franchise restaurant in an affluent, growing community. The restaurant has excellent exposure in a busy retail area. It shows really well inside. Built in 2015 at a cost of $2.5M. Asking price is for the business and the building. It has a land lease for 25 years plus options. Sales would be increased with a hands-on owner/operator.

This opportunity will not last long – contact Chris to arrange a showing ASAP!

Business Information

Gross sales: $2M per year
Size in sq. ft.: 5,150 sq. ft. plus patio
No. of Seats: 90 in restaurant; 75 in lounge; 40 on patio
Number of Parking Stalls: First-come, first-served basis – lots of parking
Style of cuisine: Casual dining; full franchise menu
Customer Demographics: Business people; locals; lots of 2-income households in area
Type of service: Table
Hours of Operation: 
11 am – 10 pm on Sunday, Monday, Tuesday & Wednesday
11 am – 11 pm on Thursday, Friday and Saturday
Number of Employees: 20 – 25 depending on the season – mixed full-time and part-time

Leasing information:

Land Lease.: $14,000 per month for land lease and taxes
C.A.M.: Included in the above monthly amount
Lease Term: 25 years 
Option Periods: One 5-year option
Deposit held by Lessor: To be verified
Financing: Treat as clear title

Please contact Chris for any questions or to set up a showing.