What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $834,519.
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?
There is no seller financing. 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 $735,288 per year.
Is the restaurant property owned or leased?
The owner leases the property and is currently in negotiations with the landlord for the lease terms. 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 South Portland, Maine. 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: cooking equipment (grills, ovens, fryers, refrigeration, etc) walk-in freezer, keg cooler, 2 walk-in coolers, sinks , dishwasher, pots, pans, silverware, beer system, soda lines, 60 TVs, giant video/projector screen, speaker system, POS systems, bar stools, tables, chairs, alarm system, pool table, darts, digital jukebox and video games, signage, lighting and a lot more. Most equipment is just over one year old. Estimated value is $250,000.
What size and how many customers can this restaurant seat?
Restaurant is 8,300 sq. ft., and can seat 250 inside. The property has the potential to build a patio for outdoor seating.
Does this restaurant currently have a beer or liquor license?
Yes the restaurant has a full liquor license that is included in the sale.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru, but the restaurant offers delivery service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 2.5 years.
Why is the owner selling?
Seller wishes to focus on his other businesses.
What are the hours of operation?
This restaurant operates from 11am – 12am Monday – Sunday.
What else should I know?
Established franchise opportunity in a great location and with positive reviews. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Priced at $160,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!