Burger Place

Burger Place

Available

$295,000.00

  • Burger IM 1
  • Burger IM 2jpg

Listing Number :

 3815

Status :

Available

Price :

$295000

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Area

1926

Description

This is a 1,926 sq.ft. Fast Food Burger place located in very desirable shopping area very close to Elementary and High Schools and other businesses. It is a newly open Franchise Fast Food Restaurant which is very casual and family style of eatery. Franchise fee of $30,000 with Royalty of 7%. Hours of operation; (11 am-9 pm) 7 days a week. Lease expires 2026 with 2 x 5 years options. Base Rent is $10,700/m including NNN. Seller claims his Gross Annual Sale is about $575,000 and his Net Income is about $7,000 + $6,500 manager’s pay a month . Monthly payroll is $17,000 for 16 x part time employees. Current Inventory is about $8,000-12,000. There are 47 seating inside and 12 seating outside. #3815

Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer

Business Information Financial Information
Ownership Type:  Corporation
Year Established: 2019
Year Purchased: 2019
Business Type: Fast Food Burger Place
License(s) Required: Business, Heath, ABC
Hours of Operation: 11am-9pm /7 days a week
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp:  Possible
Office Listing Number: 3815
Date Available: 11/14/2019
Reason For Sale: Other Interest
Annual Total Revenue: 575000
Annual Net Income: 84000
Inventory: 8000-12000
Monthly Payroll: 17000
Lease Information
Base Rent: 10700/m
Lease Expires: 2026
Lease Option: 2 x 5 years option
NNN: Included
 
Financing Information
Down Payment: 295000
Owner Will Carry:
Other Finance Terms:

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