Business For Sale Listing 154505
Outstanding Lake Area Franchise
Status as of Nov-22-2008 at 05:59 PM: Active
Business Summary
Outstanding Lake Area Franchise
Location: Kentucky > Wayne County > Monticello
Industry: Food and Beverage > Restaurants
Business Summary
This well established franchise restaurant is in a beautiful lake area. Restaurant is profitable and a great investment. Current owner's benefit has averaged $90K for the last three years. With revenues for 2007 just under $500K. This is a perfect owner/operator restaurant which falls into SBA lending guidelines. Owner wishes to retire after a very successful 20 year relationship with this family oriented diner style franchise. Asking price of $950K includes all FF & E, Real Estate and Building.
Financials
Asking Price: $950,000
Gross Revenue: $492,000
Cash Flow: $90,000
Real Estate: $950,000 (Included in Asking Price)
Seller Financing: Negotiable
About the Business
Employees: 6 full time - 8 part time
Franchise: Yes
Facilities: Free Standing Building
About the Sale
Management Training and Support: 2 Weeks Corp. 2 Weeks Owner.
Reason For Selling: Retirement
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand (492,000) |
| Profits: |
Under $100 Thousand (90,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $500 Thousand and $1 Million (950,000) |
