Business For Sale Listing 154459
3 Unit NE GA Group
Status as of Nov-22-2008 at 05:59 PM: Active
Business Summary
Location: Georgia > Elbert County > Elberton,Hartwell & Danielsville
Industry: Food and Beverage > Restaurants
Business Summary
This fantastic deal awaits the savvy operator looking to acquire 3 very stable and profitable restaurants. Two units operating in 2006 produced $110K cash flow on sales of $947K. The 3rd unit opened in the fall of 2007. Sales for 3 units for 2007 were $1,171K with $144K cash flow. 2008 sales are even stronger with projected sales of $1,457K and cash flow of $175K+. The asking price of $775K includes land and building for one unit (appraised 8/08 at $425K and equipment valued at approx. $70K). Very desirable rent factors on the other two units. Franchise approval and training will be necessary. This business has been SBA lender approved. The loan process has already been completed for a qualified buyer. Staff and management are in place and ready for a new owner to help drive sales and increase profits further!
Categories
Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million (1,127,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (144,000) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $500 Thousand and $1 Million (750,000) |
