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BUSINESS FOR SALE - PROFILE #  42520029

Excellent 2 Location Chain Restaurant, Poised for
Charlotte

Asking Price: $575,000   Down Payment: $95,000  
Gross Revenue: $1,423,808   Adj. Cash Flow*: $188,481  
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Executive Summary
The current owners have taken these two restaurants as far as they want to before they retire. A new owner will have cash flow immediately and real opportunities to expand, if they desire. Their focus on a unique style of food has continued to keep their customers coming back year after year. A great staff awaits this opportunity for the next owner. A varied and growing menu is augmented with the increasing catering business. Business has been pre-qualified for an SBA loan for an approved buyer. $95,000 down with balance payable over 10 years at 6.5% or an estimated $6,018 per month. Great opportunity to have real cash flow after debt payments.

Acquisition Highlights

  • There are two locations to the wonderful concept in the market. The current owners have taken this as far as they want to before they retire. A new owner will have cash flow immediately and real opportunities to expand, if they desire. Their focus on a unique style of food has continued to keep their customers coming back year after year. A great staff awaits this opportunity for the next owner. A varied and growing menu is augmented with the increasing catering business
  • Tow locations that have slightly different hours; 6 FT and 18 PT employees
  • Excellent facilities and locations with all the equipment to be successful
  • The current owners saw an opportunity to bring the flavor of “Chicago’s Famous Foods” to the greater Charlotte market when this restaurant concept was started in 2002. The restaurants currently serve Chicago style hot dogs, Chicago-style pizza, Chicago-style Italian Beef sandwiches, burgers, salads and much more. In 2002, the owners opened two locations within a 6-month timeframe, with one location in Cornelius, NC and the other in Uptown Charlotte. Fifteen years later, both restaurants are still at the same locations with the same name. A combination of word of mouth and traditional advertising, community involvement, and a great restaurant experience have made this business very popular as a local restaurant that serves affordable and authentic food for all ages.
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2002 Inventory:
Employees: 6 FT, 18 PT , 2 Mgrs Furniture, Fixtures & Equipment:
Real Estate:
    Total Assets Included in Sale:
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Adam Petricoff
Phone:  (704) 360-8898
Fax:  (704) 272-4477
Other:  (704) 905-8658
E-mail:  apetricoff@vrcharlotte.com
VR Business Brokers - Charlotte, NC
9301 Monroe Road
Suite L
Charlotte, NC 28270
www.vrcharlotte.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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