We're all looking for cash flow, right? Tough to find real businesses with real books, right? If you're one of those buyers looking for businesses with cash flow and real books, then you need not go any further then this business.
ANNUAL CASH FLOW: $210,000.
ANNUAL DEBT SERVICE FOR SBA LOAN WITH 20% DOWN: $75,000.
CASH REMAINING AFTER PAYING DEBT: $135,000!
$135,000 a year in this small college town makes for a great living for anyone. And all you need down is $110,000, restaurant management experience and good credit and I'll get you an SBA loan!
First, the location is one of the best in this great downtown area in the heart of this college town that's teeming with activity and events. Anything happening in this town starts right in front of this restaurant. From farmers markets to town holiday parades, the crowd is at the restaurant's doorstep, helping brand this business. The building is gorgeous too!
Second, the management team is well-trained professionals with great attitudes. The service is upbeat, refreshing and fun and always delivered with a smile. This team has earned the restaurant a 4+ star rating on YELP and GOOGLE+.
Third, the menu is unique as are the flavors and tastes of the food with spices from around the world used in their foods. The beer selection is equally fancy with unique import and domestic beers. This restaurant serves delectable focaccia sandwiches and gourmet pizzas along with out of this world salads and soups with fresh ingredients brought in each day. The menu is simple and designed to reduce the number inventory items carried in the restaurant resulting in food cost consistently being in the 25% range.
The high ceilings, the artwork and the colors throughout the restaurant as well as the views of the streets in this small town give this restaurant a unique ambience not found at any other restaurant in the area. The restored old brick building helps its patrons feel like they've traveled back in time, when life was slower and the dining experience was a gathering of old friends with lots of laughter and plenty of food and drink.
We’re going to get you a new lease with at least 10 a year term. The landlord is friendly and cooperative. The rent will be about $4,700 a month including the NNN/CAM costs. That’s about a 7% or so rent factor!
REASON FOR SELLING
After 12 great years of owning and operating this Restaurant, the entrepreneurial spirit of the owners are ready for his their adventure.
This is a highly confidential listing. The location is only available to pre-qualified buyers.
Estimated Investment $150,000
Estimated investment includes Midas Franchise Fee and projected equipment requirements.
Inventory is not included in the initial estimate and may range between $40,000 - $80,000.
Midas Construction/Facility teams will help prepare this facility for opening!
With your desire to operate your own business and our well-known brand name, top-notch training, support, and marketing programs, you can be in this business in 90 to 120 days or less! No automotive experience is necessary. Leverage your past management, customer service or business ownership experience to running a business of your own.
Over the years we have developed a distinctive business system for the operation of automotive repair and maintenance service centers under the highly recognizable Midas brand. Granting franchises since 1956, Midas is a franchisee focused organization serving those who serve the customer.
This advertisement is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. An offering is made by a prospectus only. B) 2014 Midas International Corporation, 4300 TBC Way, Palm Beach Gardens, Florida 33410
13 already established ATMs ..
How it works?
ACFN takes care of the market research to find qualified locations and upon your approval ACFN also negotiates to secure long-term contracts for you. You own & operate your ATM network investing only a few hours a week.
1. No Overhead
2. No Employees Needed
3. No Selling is Involved.
4. Manage Your Business From Home
5. Make Your Own Flexible Schedule
ACFN works to place ATMs in high quality locations such as hotels and other travel and entertainment based businesses. We have been recognized as one of the top franchise companies by many publications including the prestigious Entrepreneur Franchise 500, Inc. Magazine, Franchise Times, Military Times Best Franchises for Vets and All Business.com.
We have 230+ successful franchise owners (30+ Veterans) currently providing ATM services across the USA and Canada.
Remote access and reports for all of your ATMs in real time from a computer or PDA phone. This is our commitment to preserve our mutual success and great brand name!
With over a decade of experience in ATM services our commitment to preserve our mutual success and great brand name!
ACFN is the only ATM Franchise Business in North America with a proven track record and impressive client list.
Turn key Opportunity to purchase a Mexican Taqueria with a long successful track record…Set in a Super busy retail center!
There always seems to be plenty of restaurants for sale....but few fall into this category.
Established in 1996...as primarily a Quick serve concept and owner is currently semi absentee!
Area: This is a great area of Butte County. This is a UC College town with a Urban-Suburban feel and tons of activities nearby. Listed as one of the best places to live…
86,949 (City limits)
107,000 (Urban area);
220,407 (Butte County)
Urban Friendly, Walkable and family oriented.
Kitchen: Comes with a hood system, grill, prep area, walk in cooler & equipped with all the necessary equipment to serve breakfast, lunch and dinner.
Menu: Breakfast, Diners, Mexican, Vegetarian
Lease: Recently Expanded space @ 2,100sqf. The rent is great at only $4,800 per month.
Front area Patio seating
Sales: 2012/13 sales were in excess of $475K
Highlights and Upside:
•High School close by
•Major Anchor Grocery store with fuel station
• Manager currently in Place…Can continue or increase cash flow as Owner/manager.
•Build up social media presence
•Type 40 Beer license in use
The owner has made this business simple by implementing procedures to make the business run smooth including a point of sale system. The owner has stated that sales are averaging over $39,000 per month and growing. Currently lunch is the strong point. If a new owner were to focus on marketing and building breakfast and dinner, sales are sure to climb nicely based on the owners experience to date.
Reason for selling: The current owner has family in Bay area and has moved already to be closer. The owner is willing to provide training after the close to ensure things are on the right path of continued success.
Owner may carry a seller note for part of the sale price for a qualified Buyer.
Buyer will need to provide qualifications before seller will release financial information.
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