ACQUISITION OPPORTUNITY F-1745

Restaurant - National Franchise

This is a well-established family type restaurant having been in business for ten years.  The restaurant is one of a national chain of franchises started over fifty years ago with presently over nine hundred locations.  The restaurant offers complete menus with full table service in addition to buffets for breakfast, lunch and dinner.

HIGHLIGHTS:

·         Excellent reputation

·         Excellent location off major interstate

·         Sales averaging $1.3 million over the last three years

·         Seating capacity- 175 persons in 6,100 S.F. of space.  Parking for 75 cars.

·         Absentee Owner- Opportunity for owner-operator

PURCHASE PRICE:

The business is being offered as an asset sale, free and clear of all debt and liabilities for an asking price of $550,000 cash at closing.   

   Assets Included in the Sale:   Furniture, Fixtures, Equipment (FMV)   $175,000

FINANCIAL SUMMARY:

EBITDA: Earnings before interest, taxes, depreciation (adjusted)

Absentee Owner- Works ten hours per week on books and records.