Tucson Restaurants For Sale
Absentee Operated National Franchise Restaurant w/Building in Prime AAA Location For Sale
INTRODUCTION
This has been a very successful absentee operated national franchise restaurant serving one of the best burgers this restaurant broker has had in a while! Go out and try it!
THE BUILDING
The building is part of the sale. There is about 27 years remaining on the land lease. The building is 3200 Sq. Ft. inside seating 103 customers and a large outside patio of approximately 1,000 Sq. Ft. that seats another 64 customers. This is a prime location that you have to see. It is on a corner just feet away for a busy street where thousands of car drive-by each day.
THE BUSINESS
This national franchise was created more than 20 years ago with a concept of taking it's customers back to a time when news traveled slower, our stress levels were lower, the music was fun and the food and service was real. Since then the franchise has expanded to 14 locations in 5 states.
This store has been absentee operated for more than 7 years and has nothing but upside for a working owner to take over. Sales approached $1.4 million when the owner was working the restaurant, but the combination of the lack of owner involvement and the economic down-turn has hurt the business. But don't worry we've priced this place to sell fast and right when the economy is starting to turn-up! Seller's loss, your gain! The 2010 revenues are trending toward a full year revenue amount of about $900,000 + or -.
DEMOGRAPHICS:
Copy this link to get the demographics for the area.
http://www.loopnet.com/xNet/MainSite/Listing/Profile/ListingDemographics.aspx?LID=15997058&SRID=1201283101&PgCxtGuid=ad67ed7f-0c5e-4e73-82da-4b99cecf247b&PgCxtFLKey=SearchResults&PgCxtCurFLKey=Profile&PgCxtDir=Down
REASON FOR SELLING:
This restaurant is for sale because the owner has run it absentee for seven years and he has frankly lost interest in owning and operating the store. He lost his passion, probably because he currently has a high paying job! A working owner can usually increase sales 20% by just being there, not to mention reducing costs and increasing profit.
FINANCING
In this restaurant broker's opinon, financing will be difficult for this property and business because the tax return profit is not enough to support a loan. But the seller would consider carrying part of the purchase price if the buyer is qualified and puts a substantial amount down.
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
6am- 11 pm Friday/Saturday
Facilities
Highlights
- Building Included in the Sale
- 27 Year Remain on the Land Lease
- Absentee Operated - Needs Working Owner
- Priced to Sell Quickly - Owner Has Not Worked the Restaurant in 7 Years
- AAA Corner Location w/Plenty of Parking
- Great Food and Easy Menu
- Franchise Diner - Popular Regional Diner
- Priced for Fast Sale - Owner
- Make Offer To Land Lease Landlord!
Financing
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 55,407 | 136,226 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 24,346 | 59,765 |
| 2010 Persons Per Household | 2.33 | 2.26 |
| Median House Value | $78,200 | $148,499 |
| Income Per Household | $23,769 | $31,611 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,805 | 4,306 |
| 2012 Number Of Employees | 58,082 | 120,208 |
| 2012 Total Annual Payroll | $887,602,000 | $1,997,800,000 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.