Business For Sale Listing 154508
Profitable Restaurant in Hilton Head Area !!
Status as of Nov-22-2008 at 05:59 PM: Active
Business Summary
Profitable Restaurant in Hilton Head Area !!
Location: South Carolina > Jasper County > Ridgeland
Industry: Food and Beverage > Other Food and Beverage
Business Summary
If you have been searching for a restaurant opportunity and would rather own than rent, this is your chance. This restaurant is stable and has documented sales for several years. Qualified buyers can get SBA financing on this approved franchise. Facilities were remodeled in 2007 to meet all corporate specs. and looks great! This diner themed franchise has great name recognition and a fantastic interstate location that is currently seeing significant residential development. The motivated seller is offering land, business and building with all FF & E for $750,000! This absentee run restaurant is generating over $70,000 a year cash flow. A "hands-on" owner/operator should net six figures after debt service. If you have restaurant experience and a desire to own your own business while building equity this opportunity would work for you. SBA lenders require at least 15 – 20% down, good credit and experience in the industry.
Financials
Asking Price: $750,000
Gross Revenue: $600,000
Cash Flow: $70,000
Real Estate: $750,000 (Included in Asking Price)
Seller Financing: Negotiable
About the Business
Employees: 6 full time - 8 part time
Franchise: Yes
Facilities: Free Standing Building
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million (600,000) |
| Profits: |
Under $100 Thousand (70,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $500 Thousand and $1 Million (750,000) |
