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- RE: Million Dollar Restaurant, That Does It All
- Contact: Becky Smith
Quick Facts
Asking Price: | $1,100,000 | |
Annual Revenue: | $1,369,640 | |
Net Profit: | $384,878 | |
Cash Flow: | $384,878 | |
Total Debt: | Not Disclosed | |
FF&E: | $30,500 | |
Real Estate: | Not Disclosed | |
Year Established: | 1998 | |
Employees: | 12 | |
BBN Listing #: | 939629 | |
Broker Reference #: | PICREN |
Business Overview:
Million dollar restaurant business that does it all, from dine-in to delivery, big catering orders, to even grocery store and wholesale sales. Yes, in this big kitchen area, a lot is going on to not only keep the restaurant customers well-fed and satisfied but also make main entrees, side dishes, bread, and sweets, then freeze them for sale in this grocery market. This food business consistently does more than $1 million in sales every year. Last year, this had a net take home of almost $400K. Over 3,900 square feet of money-making activity are going on. For the experienced restauranter who likes to have their hands in a lot of different revenue streams, this business is worth you checking out. With this kind of sales, you could have your investment paid back in just a few short years. This food haven has been established since 1998, so there is quite a long list of loyal customer bases built up for you to start making big dollars from day 1. It has several type 1 hoods, 3 walk-in coolers, a restaurant that seats 75, lots of extra storage space, and glass display cases in the grocery store.Â
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Property Features and Assets:
Monthly lease: $7978 with the Triple Net included. The lease expires Nov 2029 and does have the option to renew. 3,901 square footage is the size. It has a restaurant with 75 seating and boasts a grocery store with lots of shelves and refrigerated display cases. A spacious kitchen with several type 1 hoods, 3 walk in coolers, a fully equipped kitchen. Hundreds of free parking. Please note all interested buyers must provide “Proof of Funds or Preapproval Documents” from their bank to get an up-close personal look at this business.
Market Competition and Expansion:
Seller already has his hands in many different money making activities to include restaurant dine in, to delivery, big catering orders, to even grocery store and wholesale sales. Offers a large vegetarian menu and is Kosher certified. Serves no alcohol, and is operated by 8 FT and 4 PT employees. No similar competition in size or concept. Lots and lots of catering opportunities. Please note all interested buyers must provide “Proof of Funds or Preapproval Documents” from their bank to get an up-close personal look at this business.
Reason for Selling:
Seller wants to retireAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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