4 Steakhouse Restaurants-Franchising WILL SELL INDIVIDUALL

NY

Seller Financing Available
Steakhouse Group in Biz over 25 Years
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Asking Price: $4,300,000

Cash Flow: $1,650,000

Gross Revenue: $9,000,000

EBITDA: N/A

FF&E: $1,500,000

Inventory: N/A

Established: 1993

4 Steakhouse Restaurants-Franchising WILL SELL INDIVIDUALL

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Business Description

Moxie exclusively represents the sale of a package of multiple family-owned, very profitable and authentic steakhouse restaurants in business over 20 years. All restaurants are on busy, main street locations enjoying excellent repeat customers who love their steaks. Well-known for serving their local and loyal customers with great service, promotions and quality products at reasonable prices. Current locations enjoy long and favorable leases with real estate property available in two of the locations. Choice of converting to your own brand or continuing with the existing brand and products which include premium beef steak cuts.

The brand is primed for franchising and offers great opportunity to build upon the existing base. Licensing rights included in sale for scaling into additional markets with increased royalty revenue potential.

Currently employs up to 100 employees and managed by family members who enjoy robust income and personal rewards.

Reason for sale is due to other retirement of owner. POF AND NDA REQUIRED

WILL CONSIDER SELLING RESTAURANTS INDIVIDUALLY

Contact Darlene Ragone for additional details 888-869-6069, Ext. 103

Detailed Information

Employees:
100
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4 separate locations. 2 facilities are leased with long term leases in place, 2 facilities are on property owned by seller. Property available at additional price
Growth & Expansion:
only type of steakhouse geared toward this price point. Can be converted to franchise with same concept
Financing:
tbd
Support & Training:
Yes
Reason for Selling:
retirement
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(from currently available funds)
 
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Darlene Ragone

Business Listed By:
Darlene Ragone

Moxie Brokerage Group, Inc.

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