Business Summary:
Fast food restaurant featuring hot dogs, burgers, seafood, chowder, chicken, fries, fried dough, plus more. 50’s/60’s motif. Very successful restaurant on heavily traveled state highway. Very strong profitability, historically strong gross profit of 65% based on accurate books/records. Absentee owner- volume is strong and should increase with hands on owner/operator. Upgraded the facility in recent years, investing approximately $40K. Gross income estimated for 2009. Inventory: $4K (E). Financing: $100,000 down, balance subject to seller financed note.
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| Facilities / Terms of Lease:
.27 acres of land /1,441 sq. ft. block building. Owner of the business is also the owner of the property. Proposed lease as follows: a new 5+5 triple net lease will probably be offered. The base rent would be approximately $3,500.00/mo., plus the property taxes, and insurance on the building, bringing the total to $4,200.00/mo. In addition, there is monthly rental payment to the State of Connecticut of $145.00/mo. for a small portion of land, adjacent to the state highway. Total: $4,345.00/mo. The base will be subject to annual increases. |
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