Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	Not Disclosed	Inventory
Gross Income	$631,752	Real Estate	$700,000*
Cash Flow	$55,032	Year Established	2003
FF&E	$120,000*	Employees	12

* included in the asking price

** not included in the asking price

The Company was incorporated in July of 2003 and opened for business in December of 2003, by the Company s current owner. The Company operates as a franchise restaurant serving customers in and around it's area. The Company is a family style restaurant that serves breakfast, lunch and dinner. The Company serves a wide variety of menu items including, but not limited to: soups, salads, eggs, waffles, hamburgers, chili, steaks, chicken, beverages and desserts. Company management indicated that menu prices range from $2.00 to $11.00 and the average ticket price is $6.00 to $8.00 per person. In addition, Company management indicated that all menu items are served at any time of day. Furthermore, Company management indicated that franchise royalty fees are 4.75% of net revenue and an additional marketing fee of 1.0% of net revenue (which pays for items such as window clings, table tents, etc.) The Company is open 24 hours a day on Friday and Saturday and 6:00 a.m. to midnight on Sunday through Thursday. Prior to April 2006, the Company had been open 24 hours a day, seven days a week. In April of 2006, Company management decided to change the operating hours to provide the owner with some more personal time. However, a new owner may choose to revert back to being open 24 hours a day, 7 days a week if they choose.

Facilities: The Company owns their current facility. The Company leased the building for the first few years of operation and purchased the building in January of 2007.

Competition: Company management indicated that there is a moderate amount of competition in the area but no other competitor serves a full menu all day. The majority of their competition comes from local area mom and pop restaurants. Since the Company is the only major franchised restaurant in the area, in addition, management indicated that the nearest franchise locations are approximately 25 miles to the north.

Growth/Expansion: Company revenue was $692,000 in the year ended December 31, 2004, & $632,000 in the year ended December 31, 2006. Company management indicated that initial revenue in 2004 was slightly higher due to the new restaurant affect that all new restaurants experience in the first three to six months of opening. Furthermore, Company management indicated that revenue for the year ending December 31, 2007, is currently trending slightly higher than 2006 and may approximate $640,000 to $650,000.