Property Details

DESCRIPTION:

• A Take-out and delivery restaurant location off a major highway in the Hilton/Parma NY area

It is operated by a husband-and-wife team who took over this restaurant in later part of 2019

• The menu consists of subs / wraps wings, hots and burgers and other specialty sandwiches
• This restaurant has 1,200 square feet that includes counter seating, and 12 seats and tables for dining in.
• Catering is part of the business
• There is plenty of well-lit parking
• Hours of operation are Tuesday through Thursday 11 AM -7:30 PM Friday and Saturday 11AM -9:00 PM

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

• Furniture, Fixtures and Equipment at a Fair Market Installed value of $ 25,000
• Inventory at cost of $ 1,000

LEASE ARRANGEMENTS:

• The current lease expires on May 2021, but does have options to renew
• A new lease can be negotiated at a gross rent of $ 1215 a month

SALES AND SELLERS DISCRETIONARY EARNINGS:                                 

                                           2020             

Sales:                          $ 259,172

Cash Flow (SDE):        $   67,490

PRICE/FINANCING:

• Asking price is $ 60,000.
• Some financing is available to a qualified buyer

 COMMENTS:

Even through the 2020 pandemic, sales at this location were very solid because of take-out and delivery. This is an Ideal owner operator business. Currently open only 5 days a week so expanding hours should increase sales 10-15%. More marketing and catering will also expand sales. This is a turn-key opportunity with everything in place, that includes the brand name.