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Accommodation & Food Services

Established Quick-Service Restaurant Opportunity – Absentee Owner

Suffolk County, NY, USA
Listed 28 days ago

HS Listing ID-73107 The business is currently operated on an absentee basis with a full team already in place, making this an attractive opportunity for either an investor seeking an established operation or an owner-operator looking to become more involved and potentially increase profitability. The concept is centered around wings and other popular fast-casual menu items, including chicken tenders, burgers, wraps, cheesesteaks, ribs, quesadillas, salads, sides and desserts. The business also offers catering, providing an additional revenue channel beyond its regular walk-in, takeout and delivery business. Financial Overview Annual Gross Revenue: Approximately $650,000 Annual Net Profit: Approximately $150,000 Average Monthly Gross: Approximately $54,000 Net Margin: Approximately 23% Current Operation: Absentee Full Staff in Place The business’s ability to generate approximately $150,000 in annual net profit while being operated absentee is a significant selling point. A hands-on owner may have opportunities to further improve profitability through tighter labor management, purchasing controls, local marketing and direct oversight. Lease & Occupancy Current Rent: $4,400 per month Annual Rent: $52,800 Approximately 8 Years Remaining on Lease The remaining lease term provides a buyer with long-term occupancy and the ability to invest in growing the operation without facing an immediate lease expiration or relocation. At approximately 8% of current gross sales, the stated base rent represents a manageable occupancy ratio for the operation. A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Lease Terms

Approximately 8 Years Remaining on Lease

Real Estate

Lease

Leasehold Rent

$52,800 per annum

Support & Training

Yes.

Reason for Selling

Other business interests.

Financials

Asking Price
$449K
RevenueMost Recent Year
$650K
Earnings (SDE)Last Reported
$150K
Assets Value
Undisclosed
Seller Financing
Not available

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