- Listing ID: 876060
- (Seller ref: 1330BO)
Fast Food Hotdogs & Burgers Dramatic Price Drop! For Sale
- Location:
-
- USA
- > New England
- > Connecticut
- > Hartford County
- > Hartford County
- Category:
-
- Food
- > Cafes
- > Cafes & Diners
- Type:
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Summary
- Asking price:
- $199,000
- Sales revenue:
- $500,000
- Cash flow:
- < $250k
Business description
Fast food restaurant featuring hot dogs, burgers, seafood, chowder, chicken, fries, fried dough, plus more. 50 s/60 s motif. Very successful restaurant on heavily traveled state highway. Very strong profitability, historically strong gross profit of 65% based on accurate books/records. Absentee owner- volume is strong and should increase with hands on owner/operator. Upgraded the facility in recent years, investing approximately $40K. Gross income estimated for 2009. Inventory: $4K (E).
Property information
- Real Estate:
- Lease
- Lease terms:
- .27 acres of land /1,441 sq. ft. block building. Owner of the business is also the owner of the property. Proposed lease as follows: a new 5+5 triple net lease will probably be offered. The base rent would be approximately $3,500.00/mo., plus the property taxes, and insurance on the building, bringing the total to $4,200.00/mo. In addition, there is monthly rental payment to the State of Connecticut of $145.00/mo. for a small portion of land, adjacent to the state highway. Total: $4,345.00/mo. The base will be subject to annual increases.
Other information
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
- $100,000 down, balance subject to seller financed note.
- Inventory / Stock value:
- $4,000
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
need to search again?
- USA
- > New England
- > Connecticut
- > Hartford County
- > Hartford County
- Food
- > Cafes
- > Cafes & Diners
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