Business For Sale Listing 135172
Restaurant
Status as of Nov-30-2008 at 06:03 PM: Off The Market
Business Summary
One 6,200 square foot steak house franchise restaurant and a separate 5,100 foot Sports Bar and Grill facility on the same prime real estate location. The lot is .79 acres and is located near a major intersection. The lot is near a huge Wal-Mart warehouse with 1,000 employees and across the street from a new Wal-Mart Super Store and other businesses as well as being near 4 motels. The family style steakhouse is popular among the local clientele and has very little competition in the area. It operates absentee with one manage, one assistant manager, 4 supervisors, and 47 employees. The franchise agreement expires March 2008 and can either be renewed or a new owner could opt not to renew the franchise, change the name to a private entity steak house and save the $35,000 currently being paid in royalties to the franchisor. The sports bar is popular with locals and has little competition. It operates absentee with one manager, 3 supervisors, and 18 employees. Busy traffic count on a business by pass. Mid-western city with 8,700 residents along with a good rural population count. Great location less then one hour from a major University city.
Categories
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| Location: |
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Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million ($1,495,430) |
| Profits: |
Under $100 Thousand ($83,307) |
| Profit Type: |
Cash Flow |
| Asking Price: |
Between $1 Million and $2.5 Million ($1,100,000) |
