Total of 18659 firms and businesses for sale today Saturday 11th May 2024
Sold. Franchise Restaurant- Fine Dining
LISTING DETAILS
Firms For Sale ID:
33289
Vendor reference:
GF-0743
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Business opportunity:
Asking price:
Undisclosed
Furniture, fixtures, fittings and stock included.
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$1,000,000 - $5,000,000
Net profit / cashflow:
$250,000 - $500,000
Years established:
2003
Trading hours:
Sunday- Thursday 4:00pm - 10:00 pm
Friday - Saturday 4:00pm - 11:00 pm
Number of employees:
40
OTHER DETAILS
Reason for selling:
Other interests.
Financing available:
Franchise requires purchaser to have a min of 750K net worth and 325K min liquidity, Restaurant experience or solid business and financial acumen. Minimum 20K Earnest money required.
Training/Transfer fee $5,000
Financing available:
Owner may consider a 10% carry-back for a well qualified buyer
Support and training:
Negotiable as required by Purchaser.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
This unique fine dining restaurant offers customers a memorable dining experience. Diners are fully engaged in the preparation of their own food, from appetizer to dessert, resulting in a customized, intimate, unhurried meal. Definitely lends itself well to a romantic date or a special-occasion group celebration. This is an easy to run and highly profitable restaurant that generally only serves dinner.
The franchise has over 145 locations nationwide in 37 states. This location was opened in 2003 and has been profitable since day one. In spite of a slow economy they have continued to maintain very similar sales and profits for the past several years.
Expansion Potential
The track record of this store and the entire franchise speaks for itself. A new owner can expect to continue see steady growth, especially as the economy gets even better.