Fast Food Restaurant For Sale

Lubbock County, TX

Fast Food Restaurant For Sale

Asking Price:$900,000

Cash Flow:$153,555

Gross Revenue:$891,395

EBITDA:N/A

FF&E:$66,321

Inventory:N/A

Real Estate:$850,000

Established:1993

Fast Food Restaurant For Sale

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Business Description

Profitable and well-established restaurant/fast food with drive-thru serving breakfast, lunch and dinner with late night hours. Business serves full menu in dining room and drive-thru from breakfast to late night. Other revenues come from alcohol sales. Business services to Lubbock residents, growing college population and Lubbock visitors. Inventory not included in listing price. Business is for sale at $100,000 plus inventory at time of sale.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
10 FT / 16 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located on well traveled road with high traffic counts. Across from University. Sale includes real estate estimated at approximately $850,000. Past four years, owner has replaced roof, AC unit, menu board outside, booths and tables, oven and grill, registers, headsets, resurfaced parking lot and light remodeling of building.
Competition:
Various restaurants and fast food businesses.
Growth & Expansion:
Owner is currently running at a 2.1% rate for advertising and industry average for restaurants with revenues of one million dollars are 6%. Marketing to college population include live music during dining hours and late night. New owner could franchise restaurant or open a second location to get name branded.
Financing:
Other Financing
Support & Training:
Will train for 2 weeks @ no cost. Restaurant serves full menu in dining room and their drive-thru from breakfast to late night. Other revenues come from alcohol sales.
Reason for Selling:
Owner wants to retire.

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David Powell

Business Listed By:
David Powell

Murphy Business & Financial Corporation

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