Property Details

DESCRIPTION:

• A Well-Known Franchise Burger located in Buffalo NY area, successfully operating for over 15 years
• It has a Prime location in very busy mall with a lot of walk-in traffic
• The current Franchise Agreement is on a month-to-month basis. The buyer has the options of maintaining

This Franchise, use another Burger Franchise, or operate it as an independent restaurant

• This is a Turn key business tailored to be easily operated

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)

• Furniture, Fixtures and Equipment at a Fair Market Value of $ 200,000
• Inventory at cost of 5,000

 LEASE ARRANGEMENTS:

• Current lease is year to year at $8,822.00 per month.
• Terms are negotiable.
• SALES AND SELLERS DISCRETIONARY EARNINGS                               2020                       2019                  2018

Sales:                          $ 603,890       $ 640,904         $ 852,544

SDE:                           $   10,923       $   76,297         $   89,951

PRICE/FINANCING:

• The asking price is $ 390,000
• Seller financing may be available to a well-qualified buyer.

COMMENTS:

There is opportunity to increase sales by extending the hours of operation.