$285,000,Turn Key 5 Day, Low down payment

Hagerstown, MD (Washington County)

Seller Financing Available
$285,000,Turn Key 5 Day, Low down payment
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Asking Price: $285,000

Cash Flow: $175,000

Gross Revenue: $549,994

EBITDA: $150,000

FF&E: N/A

Inventory: N/A

Real Estate: $450,000*

Established: 2007

*not included in asking price.

$285,000,Turn Key 5 Day, Low down payment

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Business Description

Turn key Drive thru

Rare opportunity to own a well established, successful business working only 5 DAYS, owner is ready to sell, dont miss this money maker . Great traffic count, large and loyal customer base. Internet presence with great reviews on yelp and trip advisor. 2019 gross sales for first 6 months over $310k. 2019 top 10 bucket list of places to eat in all of Maryland .2018 voted #2 lunch spot & top 3 for burger, 2017 voted #2 lunch spot, 2016 voted #1 lunch spot, 2015 voted #3 lunch spot. Plenty of uniforms of various sizes with aprons and hats with custom made company logo and a web site professionally designed. Just drive thru or walk up no indoor seating, just outdoor seating for roughly 32. All equipment in excellent condition with constant repairs. Health department inspections from beginning never a violation or complaint. Near 4 schools and adjacent to a city park. Hours of operation Monday - Friday 10:30am-8pms.Business has enjoyed steady growth from first year open. Owner offers long 10 year lease@ $2250 per month with yearly cost of living increase With additional 10 year option to be negotiated, or the option to buy the property with financing with favorable terms to credit worthy purchaser.

Detailed Information

Location:
Hagerstown, MD
Real Estate:
Owned
Not included in asking price
Building SF:
900
Employees:
4
Facilities:
Free standing building under 1000 sqft with large parking lot, and a storage shed for paper goods, next to a creek on 2 sides. Included in the sale are 2 fountain machines(coke & pepsi), 3 pos systems with credit card accepting, 1 hand held credit card terminal,7 security cameras, panic button .3 new sandwich units, 2 commercial toaster,3 commercial microwaves, char broiler, griddle, 2 burners, large double fryer,2 gyro machines, large oven, 2 small ovens toasting bread, pizza,2 slicers, ice maker, walk in freezer, walk in refrigerator, triple sink.
Competition:
The business is a unique concept that the owner has assembled with over 35 years in business with 3 prior locations. He has picked the most popular items for his menu, and the layout of his business has taken his experience into account for ease of operation and maximum profit. There is no other similar business, not anywhere around, this is truly a unique business model that can be easily duplicated into a franchise format for a energetic purchaser. Located on a well traveled road in good income area.
Growth & Expansion:
Purchaser can open Saturdays and easily add $100k to his gross, Delivery can be a big money maker to add and is constantly sought after. Concept can be recreated anywhere, seller can help with advice in the future for expansion to other locations.Requires purchaser to have hands on restaurant experience whereas current cook/owner is not staying
Financing:
financing with 10% down with collateral, or 25% down otherwise.
Support & Training:
Owner will stay to train for 30 days with wife, longer if necessary (with compensation) 2 long term employees to help ease the transition. Owner wants purchaser to succeed, will offer plenty of personal and or phone support if required to answer any day to day questions that may arise
Reason for Selling:
Ready to retire and slow down,3 kids through college with 1 more almost done
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Business Listed By:
ari kon

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