Ricky's All Day Grill For Sale

Business description

Part of a well known franchise network, the seller established this location from scratch back September 2002. Since that time the seller has proven the quality of the location and the franchise format and can show a buyer a steadily growing revenue stream year on year. Based on Sellers Discretionary Earnings, this represents a 34% % Return On Investment (ROI). Note, this would be higher if the buyer used financing for leverage. Note, the buyer will be required to undergo approval and training by the Franchisor. Their fee will be $45,000.
Note: this business is being marketed by: Stuart Neal & Associates, Business Brokers. Interested parties MUST sign a Confidentiality Agreement and provide a Financial Statement PRIOR to receipt of further details.

Property information

Lease terms:

The facilities comprise of 2938 ft2. 98 seats and a patio for 20. Monthly Rent: $7006 monthly (approx.) Approximately 4 years left on the lease with total options in excess of 20 years according to the Franchisor.

Other information

Expansion potential:

This business provides the astute buyer with an opportunity to purchase an existing restaurant with existing cash-flow at less than the cost of a new location. The Franchisor suggests that this location enjoys one of the lowest rental rates within the entire network.

Competition / Market:

There are no direct competitors in the area immediately around this restaurant.

Support & training:

As per franchise training programme.

Reasons for selling:

The sellers wish to establish a new (same brand) restaurant in another location.

Financing available:

Vendor may carry or a bank may lend upto 50% subject to buyer status.

Furniture / Fixtures value:

$400,000