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Fast Food Franchise for sale in Chicago, SW Sbrbs, Near Orland Park....$128,000.00 + inventory

SOLDPrice reduction. Owner will consider/accept all offers.

Sale includes: The entire business, equipment & fixtures.
 

The owners are selling because they bought & built the restaurant for their son and shortly after the closing, he changed his mind about being in the restaurant business. This is a great opportunity to buy a new Mexican restaurant with a ton of potential for less than it would cost you to build and without all the headaches.

Here are just a few of the reasons to buy this restaurant;

  • The current owners are running it absentee
  • The owners have invested over $300,000 and it shows
  • The franchise royalties are only 4% of gross sales (most franchises are 10%)
  • Ongoing training & support from the franchisor
  • There is no franchise renewal fee
  • They currently are not offering deliveries even though customers are requesting it
  • It just opened in May 2008 and is already turning a profit
  • Protected area for franchisee
  • Current owners are not doing much advertising
  • They are not offering online ordering even though customers are requesting it
  • Outdoor seating can be added
  • A drive-thru can be added
  • High traffic counts
  • Long term lease

*Note: A copy of the menu can be faxed or emailed to you upon request.

Asking Price: $128,000.00 plus inventory
Gross annual sales (approximately): $407,172.60 (As Stated By Owner)
Cash flow or net (approximately): $80,685.36 (As Stated By Owner)
Value of furniture, fixtures & equipment (approximately): $135,000.00
Value of inventory (approximately): $4,000.00 (not included in asking price)
Lease details (approximately): The lease is 10 years with (2) five year options. Base Rent is currently $2,056.50/month. C.A.M. charges are currently $207.25/month & R.E. Taxes are currently $1,036.25/month. The space is approximately 2,487 square feet. There are approximately 70 seats.
Seller Financing: There is no seller financing being offered on this deal.
Contact: Dennis, info@abausa.com or 312-360-1955

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