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.
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