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Franchise restaurant |
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| Listing ID: 61485 Crossgates Mall |
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Franchise Restaurant
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| Listing Details | |
| Industry: | Full-Service Restaurants |
| Title: | Franchise restaurant |
Listed Price: |
$2,500,000 |
| Down Payment: | $500,000 |
Total Sales: |
$3,300,000 |
| Owner Cash Flow: | $600,000 |
Fixtures, Furniture & Equipment: |
$150,000 (Included in listed price) |
| Real Estate: | $0 |
Inventory: |
$50,000 (Included in listed price) |
| Financing / Terms: Will consider for a qualified buyer with franchise experience |
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| Reason for Sale: other interests |
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| Training & Support: Will train for 6 months to 1 year |
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| Executive Summary | |
| Business Description: Very busy causal dining restaurant |
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| Historical Summary: In operation for over 11 years |
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| Owner Qualifications: Must have restaurant and franchise experience |
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| Competition: Very little competition |
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| Potential for Growth: New Dicks,Imax theater being built next door to restaurant |
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| Operations | |
Year Established: |
1998 |
| Year of Last Acquisition: | 1998 |
| Form of Ownership: | partnership |
| Franchise Information: | Houlihans UFOC |
| Percent of Business Online: | 0 % |
| Days & Hours of Operation: | 11am-12pm |
| Number of Employees: | 45 PT / 6 FT |
| Location | |
| Type of Location: | Enclosed Mall |
| Square Footage: | 5400 |
| Facilities / Location Description: Near Macys, Borders,Bally's Fitness, Movie Theaters, Imax and New Dick's Sporting goods. |
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| Monthly Rent: | $24,120 |
| Lease Expiration: | 12/31/2018 |
| Option: | yes |
| Terms and Conditions: | to be negotiated |