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Fast Food Restaurant-Price Reduced! In Michigan For Sale

Michigan
Asking Price:
$75,000 (USD) Furniture / Fixtures included
Sales Revenue:
$55,625 (USD)
Cash Flow:
$9,504 (USD)

Note: Financials are from January 19-March 19.
This is a fantastic opportunity to own a fast food restaurant with excellent curb appeal located inside a busy shopping mall. This restaurant has professional branding, a great menu and all brand new equipment needed to run the business. Their primary products are chicken and fish. The restaurant opened up at the end of December 2018 and has already started to produce positive cashflow. 75% of their business is through mall traffic and the remaining 25% is from people coming outside the mall. The only marketing done by the owners is through email targetted to the mall tenants. There is minimal competition within the mall. The reason the owner's want to sell is because their operating partner ended up backing out last minute and they don’t have time to run this business. They own multiple businesses and wanted to start this restaurant as an investment with an operating partner. Currently the restaurant is being operated by a manager without the owner's involvement. An operating owner can grow this business exponentially especially during the busy times at the mall. This business has an excellent lease agreement for ten years with an option to renew every three years with minimal increase in rent. This is a turn-key operation and is priced to sell since the owners are very motivated. Call us today to learn more about this opportunity.

Property information

Real Estate:

Lease

Location:

major mall

Size in square feet:
1,400

Business Operation

Reasons for selling:

other business interest

Trading hours:

Mall Hours

Employees:
3 full time/3 part time
Years established:
December 23, 2018

Other Information

Support & training:

seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

seller financing available with $40,000 down

Inventory / Stock value:
$2,000 (USD)

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