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Description

OFF-MARKET’Q3 2021

COVID-Proof QSR – More Popular More Profitable

Seller Financing Available

Asking Price: $2,950,000

Cash Flow: $280,520.00

Gross Revenue: $1,067,450.00

EBITDA: N/A

FF&E: N/A

Inventory: Not included

Established: 1989

Employees: 18

Business Description

This epic QSR includes the property! Drive-thru has been open through COVID-19 shut downs and sales were up 19% in April and 50% in May. First opened in 1989, the current owners purchased this beloved franchise from the original owner in 2000 and grew the operation to see more than a Million Dollars in income for the last three years!

The business is synonymous with the quaint rural town next to a military base; a landmark frequented by local families, travelers and explorers for 30 years.

The chain will celebrate three-quarters of a century of operation this year. Although famous for one line of products, the business also sells a menu of made-to-order burgers and sandwiches by employees equally known for providing excellent customer service and maintaining the highest quality of food standards be it for instore orders or pick-ups via the drive thru.

A Buyer should budget for a non-optional $3,000 franchise transfer fee, and to fill out an application for approval by the corporate office. Franchise and advertising royalties on the key product only are based on a per-pound sold basis.

Since listed, the Sellers have remodeled the primary restroom and installed a new outdoor sign.

Detailed Information

Facilities:

This prime location is on a just less than an acre and is less than 2 blocks from a freeway exit. The restaurant only is almost 2,000 sq. ft. The property portion of the sales price is $1,750,000. The Seller’s goal is to sell the business and the property together. They will not sell the property without the business, but may consider leasing it to the buyer of the Business.

Competition:

There is only 4 other QSR’s in town and 2 sit-down restaurants; choices are limited, but tourism is growing.

Growth & Expansion:

The town is growing and a new museum opening at the end of the year is expected to quadruple the number of annual visitors.

Financing:

If terms, conditions and deal structure is favorable.

Support & Training:

Four weeks for up to 6 hours per day.

Reason for Selling:

Retirement

Contact info

Pronova Partners

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