Absentee Run Farmer Boys Restaurant With Building For Sale

Business description

Worlds best hamburgers and much more! Manager operated earning over $170,000 (EBITDA shown) and owner operator earnings much higher! Newer building will appraise for over $1,100,000 included in price and extremely favorable land lease at only $4,400 per month- startup franchise land leases today are $7,000-$8,000.

Located on a busy boulevard the drive through is always busy and sales continue to grow for this popular franchise. Expanding area holds upside potential for increase in building and sales. Well trained long term managers and employees in place- managers and cooks have been with location since opening.

Strong vendor contracts secure low pricing for food. Surveillance system in place. To learn more about this franchise concept please visit www.farmerboys.com. Buyer must meet franchisor requirements prior to being considered.

Year Established: 2003.

Employees: 18 Part-Time; 7 Full-Time. Monthly payroll of approximately $27,000.

Facility: 3,100 sq.ft. building included in purchase. Land lease with Farmer Boys Corporate flat $4,400 for the next five years expiring November, 2043. Lease increases again 10% in June 2013 and remains for 5 years at that rate. Seating Capacity over 80.

Hours: Monday- Saturday: 6am-10pm; Sunday: 7:00am-10:00pm

Price Includes: Furniture, Fixtures, Equipment and facility at a cost of over $1,100,000. Replacement cost over $1,500,000. Inventory of approximately $10,000 not included. Building value approximately $1,200,000.

Reason Selling: Other Business Interests.

Asking Price: $ 1,350,000

Gross Revenues: 1,099,400

2008 Estimated EBITDA: 177,700

Property information

Real Estate:

Real Property Included

Lease terms:

Building Included in sale, $4,000 per month Land Lease

Location:

3,100 sq. ft. building

Other information

Support & training:

Seller will provide training

Reasons for selling:

Other Business Interests

Trading hours:

Monday-Sunday 7-10

Financing available:

Seller will negotiate financing

Furniture / Fixtures value:

$280,000 (included in the asking price)

Inventory / Stock value:

$10,000