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Franchise Restaurant

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Franchise Restaurant

Available

$49,000.00

Listing Number :

 3627

Status :

Expired

Price :

$49000

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Area

2100

Description

This is a 2,100sq.ft. Well know Franchise Mexican Restaurant located in populated area near residential, and close to several key eatery and coffee shops. It is a clean establishment with great customer service. Seller claims his Gross Annual Sale is about $712,000 with base Rent of $7,000/m. Lease expires in 2020 with 2 x 5 years option. There are 3 x F/T and 10 x P/T employees. The Building is Freestanding with drive-through.

3627

Business Information Financial Information
Ownership Type:  Corporation
Year Established: 2010
Year Purchased: 2010
Business Type: Franchise Mexican Restaurant
License(s) Required: Business, Health
Hours of Operation: 9.00am-12.00pm/7xday a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3627
Date Available: 1/31/2019
Reason For Sale:
Annual Total Revenue: 712000
Annual Net Income: 63,990
Inventory: 4000 Currently
Monthly Payroll:
Lease Information
Base Rent: 7000/m
Lease Expires: 2020
Lease Option: 2x5 years option
NNN: 1500/m
 
Financing Information
Down Payment: 49000
Owner Will Carry:
Other Finance Terms:

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