Seller Financing Available

Asking Price:

$1,175,000

Gross Income:

$2,064,988

Cash Flow:

$210,446

FF&E:

$650,000.00 *

Inventory:

$16,000.00 **

Real Estate:

N/A

Year Established:

1984

Employees:

20f/40 pt

Business Types:

Restaurants
Other Eating & Drinking Places

** not included in the asking price

* included in the asking price

Business Description

Rare opportunity to own Two - Wendy's Old fashioned Hamburgers restaurants. The stores are about 100 miles apart. The seller was the builder and developer of both locations and has owned and operated them for over 20 years. The business has remained stable even in this difficult economy and has potential to grow with a new and energetic owner. One location is currrently undergoing a complete interior and exterior remodel and will be getting almost all new equipment/fixtures/signage. This remodel will be complete on or before 3/31/11. The other location is in good condition and was remodeled several years ago. The current twenty year lease expires in 2011 and the seller/new owner should expect some signing incentives to excercise option or negotiate an even more favorable new lease term. The current and renewal rent amount on this location is $6500 per month triple net. This location has a new hi-rise sign off premise as well. A prospective buyer as a new franchisee appplicant must qualify to be a franchisee with corporate and must be active in the operation of the business. The training period for a new franchise is 12-14 weeks and takes place in a corporate market convenient for the buyer.

Detailed Information

Financing:

Seller will carry with $600,000 down.

Support/Training:

Seller to provide 2 weeks & Franchise 12-14 weeks

Reason Selling:

Other business interests

Broker Information

John Sparks

• View all of my current business-for-sale listings
• View my BizBuySell Profile
• View the Broker's Website