What is the current gross revenue for these restaurants?
The current gross revenue being generated is estimated at $1,430,011
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?
There is no seller financing being offered. Need money? You can review 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: 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.
Is the restaurant property owned or leased?
Currently the owner leases the properties. Lease terms remain for 2 years with two 5-year options for one property and 4 years for the other. Note: New buyer will sign lease terms with the property owner.
Where are the restaurants located?
Located in New Haven County, Connecticut. 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: oven, pans, mixer, refrigerator, freezer, cut tables, hot boxes, prep tables, and more.
What is the size and how many customers can these restaurants seat?
One restaurant is 1,200 square feet, the other is 2,000 square feet. These locations offer carry-out service only.
Do these restaurants currently have a beer or liquor license?
There is no beer or liquor license included with this sale.
Do these restaurants offer drive-thru or delivery service?
One store has a drive-thru. No delivery service is currently offered.
How long has the seller owned the restaurants?
Seller has owned this restaurant for 7 years.
Why is the owner selling?
Owner has other businesses, and does not have the time to dedicate to this business.
What are the hours of operation?
These restaurants are operated from 10am – 10pm Monday through Sunday.
What else should I know?
Established franchise opportunities. Turnkey and move in ready. Includes the cost of all equipment. Great brand recognition from an internationally recognised franchise. Plenty of opportunity to increase revenue. Priced at $350,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!