What is the current gross revenue for this restaurant?
The current gross revenue being generated from all three restaurants is estimated at $1,129,077.
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. 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: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance. Expenses are estimated to be a total of $979,641 per year for all three restaurants.
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 sign lease terms with the property owners.
Where are the restaurants located?
Located in the North Dallas, Texas region. Physical addresses will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
For each restaurant the current list of equipment includes: Walk-In Cooler/Freezer with Shelving, (2) Refrigerated Counter/Sandwich and Salad Unit, Hoodwich, (2) Oven/Conveyer, Microwave Oven, Mop Sink, Blender, Ice Cream Dipping Cabinet, Electric Food Slicer, Refrigerated Merchandiser, Undercounter Refrigerator, Office and Security Equipment.
What size are the restaurants and how many customers can they seat?
The restaurants range from 1525 to 1975 square feet. They seat between 47 and 56 inside and between 8 and 16 outside.
Do this restaurants currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Do the restaurants offer drive-thru or delivery service?
No, however a catering service is offered.
How long has the seller owned the restaurants?
Seller has owned each restaurant from between 7 and 10 years.
Why is the owner selling?
Owner wants to concentrate on another family business.
What are the hours of operation?
Restaurants are operated 7 days a week 11am – 9pm.
What else should I know?
Great opportunity to purchase a portflio of three franchises located in well established plazas. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Priced at $370,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!