Seller Financing Available
Business Description
Famous Uncle Al's Hotdogs and Grill is a well know name in Hampton Roads Virginia. In fact, it is a tradition and it is not unusual to hear "meet you at Uncle Al's for Lunch" or "Where is the nearest Uncle Al's". It is a classic hotdog restaurant offering, of course, hotdogs (13 different varieties), hamburgers, barbeque and the like. This is NOT a franchise. The seller owns the name and trademarks, outright.
Through June 30 year to date, sales are up more than 15% over same period last year.
Seller is extremely motivated!
Detailed Information
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Facilities:
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The store occupies 1,560 sq. ft. in a fully leased strip shopping center on a major thoroughfare. Daily traffic count past the store is 47,000. The store is located between a big box home improvement center and a well known, national brand pet supply store. The restaurant is very clean, shiny and well appointed. It is in like new condition as is the equipment which is state of the art. There are 7 4-tops and 12 stools at the counter. Fire department occupancy is 50. There are 5 years remaining on the lease with a 5 year renewal period.
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Competition:
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Of course, there are other hotdog and hamburger casual dining restaruants, but Famous Uncle Al's has a great reputation.
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Growth/Expansion:
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A hands on owner! The current owner has a full time job away from the restaurant and is largely absentee. Typically, Famous Uncle Al's restaurants are known for hands on owners who develop significant relationships and goodwill with the customers. The big thing is an owner who is available to the store.
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Reason Selling:
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The owner has a full time job and as such is basically absentee.
Ad#: 673945
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