What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $3,050,458.
How do the restaurants profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance these restaurants?
Some seller financing may be available. Terms to be discussed with the seller. If seeking additional financing, buyer must be able to borrow against personal assets. You can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Are the restaurant properties owned or leased?
Currently the owner leases the properties. New owner must be approved by the landlords. Note: New buyer will negotiate and sign lease terms with the property owner.
Where are the restaurants located?
These restaurants are located in the Morgantown, West Virginia, and Uniontown, Pennsylvania area. Two of the restaurants are located within busy shopping plazas and with great foot traffic, and one restaurant is located next to a hotel and would benefit from increased marketing. Physical addresses will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: oven, fryer, freezer, refrigerator, griddle, mixer, microwave, slicer, pots and pans, kitchen utensils, silverware, plates, dishes, restaurant furniture, POS system and much more!
What size and how many customers can these restaurants seat?
he restaurants vary in size and seating, but can seat more than 100. One location includes a large outdoor patio.
Do these restaurants currently have a beer or liquor license?
Yes, there is an active liquor license included in the sale.
Do the restaurants offer drive-thru or delivery service?
The restaurants currently offer a take-out service, there is no drive-thru. Local delivery is provided through a third-party service.
How long has the seller owned the restaurants?
Seller has owned one restaurant for 15 years and has owned the newest one for 18 months.
Why is the owner selling?
Seller is pursuing other investment opportunities.
What are the hours of operation?
These restaurants open at 11am, and close between 9pm and 12am, Monday through Sunday.
What type of neighboring business are in the area?
Two of the restaurants are located in busy retail shopping plazas with neighboring retail stores and commercial buildings. The other restaurant is located adjacent to a highway and beside a popular hotel.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Established American Grill restaurants! Turnkey and move in ready. Restaurants have a loyal customer base and offer dine-in, take-out and third party delivery service. Includes the cost of all equipment. Plenty of opportunity to increase revenue. These locations have been operating under an absentee owner, but would benefit from an owner-operator. Priced at $1,500,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!