Growing and Very Profitable Family Style Restaurant For Sale
*Due to the confidential nature of this transaction some information will be withheld without a proper confidentiality agreement in place*
Callander Commercial is very proud to present this local family restaurant business opportunity. Recently remodeled and forecasting $415,000 in gross sales for 2010, this is a great opportunity for a first time owner/investor or a seasoned veteran. Very favorable lease terms, solid loyal following, and great proximity to residential housing makes this opportunity very attractive. It is located on a major thoroughfare averaging 30,000 cars daily traffic and has great foot traffic due to some of the businesses located next door.
Restaurant has shown solid growth since 2007 with sales averaging a $40,000 increase for the last 3 years and is on track to do the same in 2010 – around $415,000. Numbers are very healthy with 28% food cost and 25% payroll so far this year. Asking price is 2x what yearly owner benefit amount is projected to be for 2010. Very solid numbers during these difficulty economic times.
Owner operator hours are favorable and current owner is willing to stay on board post closing for employee training, etc. There are still many avenues of additional growth that could be pursued with this restaurant.
*Please note: SERIOUS PROSPECTS ONLY*
Thank You,
Greg Mahalick
Callander Commercial
616-459-8000
