What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $744,931.
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?
Yes, this business has been pre-approved for financing of up to $191,000 (amount needed down is variable depending on buyer’s liquidity and credit score). Buyer must also meet the minimum SBA requirements for lending to include: a minimum credit score of 680 and relevant experience in the restaurant industry, or some type of previous management experience from another industry. View SBA loans or more 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. On average restaurant expenses usually include: payroll, payroll taxes, workers compensation, accounting, advertising, supplies, food, electric, property rental fees (usually includes water and garbage), permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased?
Currently the owner leases the property. 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 San Antonio, Texas. Physical address 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: Prep table, two pressure cookers for rice, two under counter refrigerators, one two-door cooler, and one walk-in cooler.
What size is the restaurant and how many customers can it seat?
Restaurant is 8,000 sq. ft. and seats 100 inside and 20 outside.
Does the restaurant currently have a beer or liquor license?
Yes, there is a liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service.
How long has the seller owned the restaurant?
Seller has owned this business for 2 1/2 years.
Why is the owner selling?
Owner is pursuing other interests.
What are the hours of operation?
This business has been operating 11am – 10pm Monday-Thursday, 11am – 11pm Friday and Saturday, and 11am – 10pm on Sunday.
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 else should I know?
Established franchise opportunity. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Genghis Grill has a great reputation and brand recognition. Priced at 215,000. For additional information and to evaluate this business more Contact Us About This Restaurant Here!