Fast Food Restaurant – Must Sell ASAP - Steal
Tumwater, Washington
| Asking Price: |
Gross: |
Cash Flow: |
| $49,000 |
$245,933 |
$49,533 |
Furniture and Fixtures Value:
$35,000 (included in the asking price)
Inventory Value:
$1,500 ( not included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
The Owner needs an immediate sale of this outstanding restaurant location. He wants to retire. . Located close to Interstate 5 and in the Fred Meyer shopping Center in Tumwater this business is poised to explode with the right owner. High traffic volume and excellent visibility make this location ideal. The current business opened in 2002 and has been in the same location- it is a destination eating place for the residences around it and the frequent shoppers to Fred Meyers. There has been almost no promotion or marketing of this business since it opened and that would greatly increase the traffic and the volume of the business. There is currently no delivery service or catering service in operation and the addition of these two services would greatly increase the profits. Due to the type of community this business is in it would also help to have an owner that is involved in the community and local activities of the area. The area around this business is exploding with growth, both residentially and commercially, and this will be a goldmine for an astute owner operator. This business is currently a franchise, but does not need to remain one for the next buyer.
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| Year
Business was Established: 2002 |
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| Number of Employees:
3 PT |
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| Facilities / Terms of Lease:
This business has an outstanding location close to Interstate 5 and located in the Fred Meyer Shopping Center with a high volume traffic flow. The business opened in 2002. The facility is 1202 square feet and seats about 30 and has all the amenities to make this a top producing location. There is a long term lease in place that runs till 10/30/2019 and the Landlord will be glad to extend the term to a qualified buyer. The base rent is $2,203 per month plus NNN charges of $410 per month. The dishwasher is leased at $220 per month. |
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| Potential
Growth/Expansion:
There has been almost no promotion or marketing of this business since it opened. There is currently no delivery service or catering service in operation and the addition of these two services would greatly increase the profits of this business. The demographics of this area make this a prime site. |
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| Competition:
There are other fast food operations in the area, however, this location is very well situated close to Interstate 5 and located in the Fred Meyer Shopping Center and has great visibility. This business has been in the same location for over 14 years and is well known to the many residents in t he area and shoppers who come to Fred Meyers. |
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| Owner
willing to finance:
Cash |
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| Owner
willing to train:
Top of the line training provided for 2 weeks with the Franchisor, if the buyer elects to keep the franchise, and in store training for one week after closing. If the buyer does not keep the franchise and goes with another concept then the training is neg |
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| Reason for selling:
The Owner wants to retire |
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| REQUEST MORE INFO |
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