Established Franchise Restaurant For Sale

Business description

Successful Franchise delivers $300,000 in Net Earnings on $2.2 Million in Sales

We Sell Restaurants Offers an Established Franchise restaurant earning in excess of $300,000 on the books. This franchise has a free standing location in a major metropolitan portion of Atlanta and has been in existence for more than eight years.

This is a very profitable business that is run 100% owner absentee. Long standing General Managers and Assistant Managers are in place. Owners provide oversight only (no hands-on work) in the business.

Perfect books and records back up sales of more than $2.2 Million Dollars annually and a return to the owner of more than $300,000 in 2008. Books and records prepared by CPA substantiate sales and owner's benefit. Three years of P&L's are available to qualified buyers that pre-qualify with broker on a financial basis.

Great build out with indoor and outdoor seating sets the standard for the franchise. Full equipment package includes fully equipped kitchen large enough to produce this kind of sales volume. Owner is selling because they have multiple units in operation and need capital to drive more expansion and support the franchise.

Purchase subject to franchise approval and landlord approval. Franchise transfer fee included in selling price. Franchise estimates that starting this business from scratch would cost between $350,000 - $500,000 with NO sales and NO income.

This is a seriously great deal for a going business concern producing a profit. If you want a business with a proven track record on the books, this is the one.

Purchase the business, furniture, fixtures, equipment and rights for this excellent store today.

LEASE: 3800 square feet of space on three levels (including 2 patios). 4 years remaining on highly desirable Atlanta Metro lease with two 2-year options to renew for a total of 8 years. Rent: Approximately $12,200 per month including CAMS.

FRANCHISE FEES: 5% of sales are included in P&L's and quoted returns.

High Profit Sports Bar Earns nearly $300,000 on the books
Established over Nine Years
High Alcohol Sales Contribute to Strong Profitability
Franchise Support and Training
Long Term Management Remains in Transition
Excellent Books and Records for Review by Qualified Buyers
In Town Location with Excellent Lease
2 renewals plus existing lease
Real Moneymaker

Listing Status: Available
Price: $795,000
Location: Georgia
Last Year's Annual Gross: $2,046,059
Last Year's Adjusted Net: $281,716
Lease Information: Expires 12/31/2014 plus 2 2-year options total of 8 years
Monthly Rent: $12,200
Liquor License: Beer/Wine/Full Liquor License
Indoor Seating: 100
Outdoor Seating: 40
# of Part-Time Employees: 2
# of Full-Time Employees: 8
Hours Open: Monday 11am to Midnight Tuesday-Thursday 11am to 2am Friday 11am to 3am Saturday 12pm to 3am Sunday 12pm to Midnight
Year Established: 1998
Inside Sq. Ft.: 3800
Hood System: Yes