Multi-State Restaurant Chain, Food Take-Out & Catering

  • Listing# : 13470
  • Listed Price : $2,000,000
  • Total Sales : $20,296,689
  • SIC : 5812R
  • Down Payment : $2,000,000
  • Status : Closed
  • Discretionary Earnings : $1,228,395

Business Type :

Restaurants

Business Description :

The company is a restaurant chain and food take-out/catering business that serves clients in a multi-state area.  Opportunities exist to grow both the restaurant and take-out/catering aspects of the business in the existing geographic market and beyond. The company has a long standing reputation for offering superior food quality and service at very affordable prices. Over 100 items are on the menu and the full menu is available to both restaurant and take-out/catering customers. The take-out/catering business serves individuals, families and groups of 100+. Over 20,000 customers are members of customer discount programs. The dining experience and menu appeals to every demographic. It is very important to note that a change was made in the operations of the business in 2016 that negatively impacted sales in 2016 and 2017. However, the change was planned and will result in an improved profit margin going forward.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl : No
    • Inventory $925,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $1,074,955
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $1,999,955
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Restaurants