Description
This is a great opportunity to own a staple Chicken, Ribs, and Seafood carry-out restaurant in the Livingston County Area. This take-out restaurant has been around since the 1990s and is well known within the community. It offers many simple meat/seafood options and sides that everyone craves.
The business has multiple cross-trained employees who run the business while the owner overseas operations and handles the books. All recipes/secret marinades are written down in a step-by-step order. All equipment is in great condition and has been meticulously maintained by the owner. The restaurant has everything needed to expand the business/offer catering within its 2,400 +/- SQ FT building. It is located in a modern and busy plaza with a lot of high foot traffic businesses around.
This business has strong sales year after year. 2019 gross sales were $375,772 with a cash flow of $81,304, 2020 sales were $300,421 with a cash flow of $56,606 (being closed 3-4 months) and 2021 sales were $332,436 with a cash flow of $70,236.There is tremendous room to grow and increase sales because the current owner does not do any advertising. A new owner can dramatically increase sales by adding creative marketing to the local community. Chicken sandwiches have been a recent trend and a potential owner can capitalize on that as well.
The business also has an excellent online reputation since it has been established for so many years. Over 180 reviews on google and 85 + on Facebook. This is truly a staple carry-out restaurant in the area!
Get More InfoBusiness Overview
| Revenue | $332,436 |
| Cash Flow | $70,236 |
| Inventory | $TBD |
| Year Established | 1991 |
| Seller Financing | Yes |
| Employees | 1FT 7PT |
| Asking Price | $115,000 |
Key Statistics
- Hours of Operation: Mon - Fri : 11 AM - 7 PM, Sat - Sun: 3 PM - 7 PM
- Employees: 1 Full Time 7 Part Time
- Year Established: 1991
- Year Acquired: 2018
- Liscence Required: ServSafe & Health Dept & Sales Tax
- Seats: 15
- Parking: Ample
Financial Information
- Gross Sales: $332,436
- Source: Seller Provided Financials
- Cash Flow: $70,236
- Source: Seller Provided Financials
- Inventory Value: TBD
Seller Financing
- Business Price: $115,000
- Down Payment: $50,000
- Monthly Payment: $1,497
- Interest Rate: 5%
- Amortization Period: 48
Location
- Monthly Rent: $$2,387
- Lease Terms: Lease Ending 2023
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Disclaimer
This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.