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1021 Family Franchise Restaurant Incl. Building – $1,495,000


    This is a full-service franchise restaurant in an affluent, growing community. The restaurant has excellent exposure in a busy retail area. It shows really well inside. Built in 2015 at a cost of $2.5M. Asking price is for the business and the building. It has a land lease for 25 years plus options. Sales would be increased with a hands-on owner/operator.

Sales: Gross sales: $2M per year

Size in sq. ft. 5,150 sq. ft. plus patio

No. of Seats: 90 in restaurant; 75 in lounge; 40 on patio

Number of parking stalls: First-come, first-served basis – lots of parking

Financing: Treat as clear title

Style of cuisine: Casual dining; full franchise menu

Customer Demographics: Business people; locals; lots of 2-income households in area

Type of service: Table

Hours of operation:

11 am – 10 pm on Sunday, Monday, Tuesday & Wednesday

11 am – 11 pm on Thursday, Friday and Saturday

Number of employees: 20 – 25 depending on the season – mixed full-time and part-time

Land Lease information:

Land Lease:  $14,000 per month for land lease and taxes
C.A.M. Included in above monthly amount
Lease Term: 25 years              Option periods: One 5-year option
Deposit held by Lessor:  To be verified


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