Take Out Restaurant In Suffolk County For Sale

Business description

Fantastic Tex-Mex take out restaurant (think Chipotle or Green Cactus Grill). This business was started 8 years ago by several partners with the intention of building a brand for franchising. Unfortunately a down turn in the economy stopped their expansion plans. In 2009 one partner and one location was left standing. He has limited restaurant experience and it has caused a decline in the business over the past year. He is a part time owner, only there 5 days a week for 3 -4 hours. He still grossed approx. $322,000.00 in 2010 with a Net Income of approx. $46,000.00 This Net is with a p/t owner and a 5 person staff. A hands-on owner can reduce payroll by at least $15- $25K immediately. This truly is a diamond in the rough. Some simple ways to build business - 1. Take advantage of the lunch crowd from a high school walking distance away. 2. Offer expanded delivery (right now they only deliver for order over over $100.) 3. Do some advertising. They spend literally nothing on advertising right now. It is ideally suited for franchising, from the look of the place to the simple prep and cooking. There is a touch screen POS that can document sales going back 8 years. The owner keeps all invoices for purchases to help verify sales and expenses. We are looking for an entrepreneur with some vision or anyone with restaurant experience that can see the opportunity.

Property information

Real Estate:

Lease

Other information

Support & training:

yes

Reasons for selling:

Personal

Financing available:

99,000 down & None

Inventory / Stock value:

$3,000