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Fast-Casual American Marquee Brand Drive-in Restaurant

Resized
  • Listing# : 17603
  • Listed Price : $429,000
  • Total Sales : $1,224,936
  • SIC : 5812
  • Down Payment : $42,900
  • Status : Active
  • Discretionary Earnings : $169,352

Business Type :

Restaurants / American Restaurant

Business Description :

Three generations have run this landmark restaurant in Union County since 1977. It provides its customers several dining options, including a unique niche dining service in the car. The food is all American and served at family-friendly prices with strong demand even during the COVID years.

The origin of the franchised restaurant brand itself dates back to the 1920s, and current owners purchase some of their supplies from the franchisor. The current owner has grown it to more than $1 million in revenue and has been running it with four other family members supporting as per their schedule, four cooks, and 12 part-time service staff.

The owner and his family have been taking a substantial amount of money as salary and wages, allowing a new owner to bring or hire external managers and run the business in an absentee or semi-absentee fashion, depending on the next owner's interest and availability.

The total family salary, not including employee benefits and discretionary expenses, for the last few years has been as follows:

2019 - $220,785
2020 - $297,850
2021 - $277,100
2022 - $222,375


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $2,500
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $22,988
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl : Yes
    • Total Assets $25,488
    • Incl : Yes

Lender Prequalified: Yes

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Restaurants