What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $530,309.
How does the restaurant 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 this restaurant?
Seller will finance up to $100,000. Terms to be discussed. This business may qualify for a business or SBA loan. However, if financing is needed for startup cost you can review additional Financing Options Here.
What is required in order to qualify for purchase?
Typically, most franchise restaurants will have liquidity and net worth requirements (to be determined on an individual basis by franchisor), require the buyer to attend an interview for approval, background check, and in most cases, require you to form an entity such as an LLC or Corporation to purchase. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation 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: royalties, payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance. Expenses are estimated to be $117,377 per year (Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
Is the restaurant property owned or leased?
Currently the owner leases the property and current lease is on a month to month basis. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Located in the Greater Atlanta, Georgia region. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Equipment includes all Blimpie franchise equipment such as: 2-door Vitory refrigerator, 2-door Vitory freezer, under counter refrigerator, 1 door freezer, 1 door Vitory refrigerator, vegi slicer, Globe meat slicer, Panasonic microwave, toaster oven, meat and cheese refrigerator, vegi display refrigerator (4 drawer), touch screen register, glass refrigerator for water/drinks, safe, printer, tomato slicer, 2 bread racks, small wares and shelves etc. Estimated value is $90,000.
How many customers can this restaurant seat?
This restaurant is 1300 sq.ft. and can seat 42 inside and 16 outside.
Does this restaurant currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service?
Yes, there is a drive-thru and delivery service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 18 years.
Why is the owner selling?
Owner is pursuing other business opportunities.
What are the hours of operation?
This restaurant is operated from 10am to 9pm Monday – Saturday and 11am – 8pm Sunday.
What else should I know?
Established franchise opportunity. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Blimpie has a great reputation and brand recognition. Priced at $250,000. Seller financing with $150,000 down. For additional information and to evaluate this business further Contact Us About This Restaurant Here!