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Famous Fast Food Burger Business In Detroit Area For Sale

Detroit Area, Michigan, US
Asking Price:
$225,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M
Cash Flow:
Available on request

Famous fast food burger business location available for sale. Simple menu. Burgers, Fries, and Shakes. Daily average lunch sales $2,000+. Large loyal customer base. $225,000 business sale price + $25k fee. $75k down required with seller financing of remainder on a 5 year note at current commercial market interest rate. Lease rate on property $2k/month. Background and Credit checks required. Training available/provided. Fast food burger business, hamburger restaurant, burger restaurant, fast casual restaurant business, quick service restaurant business.

Property Information

Real Estate:

Lease

Lease Terms:

$2,000 per month

Leasehold Rent:

$24,000 per annum

Location:

Main street with high traffic counts.

Premises Details:

Standalone building with large parking lot.

Size in square feet:
1,200

Business Operation

Expansion Potential:

Increase hours + days open.

Competition / Market:

McDonalds and Checkers

Reasons for selling:

Expansion

Trading hours:

Monday-Friday Lunchtime

Employees:
7
Years established:
1

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

$25k Franchise Fee, 5% royalty and 5% marketing (3% corporate marketing fund and 2% local)

Other Information

Support & training:

Up to 4 weeks of training available.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$75k down with remainder on a 5 year note at current commercial interest rate

Furniture / Fixtures value:
$75,000 - included in the asking price
Inventory / Stock value:
$3,000 - included in the asking price