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Seafood Sandwich Shop - Woodlands


This is a fast food franchise located in the Woodlands area specializing in sea food soups and sandwiches, plus delicious sides dishes, salads, and dessert items.  They also offers catering to corporate accounts. Seats 80 inside plus outside patio seating area. This restaurant has a beautiful interior and fully equipped kitchen.  Will train and finance.


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Background information

Reference:

82393

Year established:

2016

Reason selling:

Wife has become ill

Finance

Sales:

$350,156

Profits:

$68,280

Profit type:

Discretionary Earnings

Operations

Employees:

5 FT 1 PT

Equipment:

See list in file

Inventory:

$7,000 (food & beverage)

Premises

Facility:

Located in a neighborhood shopping center in the Woodlands area.

Square footage:

2,576

Rent and lease terms:

Current Base Rent @ $3,756.67 (see lease for annual rent increases) plus 3 net charges of $2,043.33 = Total Rent $5,800 P/M Gross. Lease expires 6/1/23. There are two five year options to renew at the then market rental rate.

Location:

The Woodlands

Price and terms

Price:

$130,000

Down payment:

$80,000

Financing:

$50,000 down, $80,000 Seller note 6% for 5 years = $1,546.62 p/m.

Training:

As needed

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