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#4029
Tempe

FRANCHISE BURGER AND ICE CREAM SHAKE RESTAURANT FOR SALE GILBERT AZ GROSSING MORE THAN $60k a Month!

$143,900
Sold
FRANCHISE BURGER AND ICE CREAM SHAKE RESTAURANT FOR SALE GILBERT AZ GROSSING MORE THAN $60k a Month!
This Listing is Sold

THE SETTING

About This Business

Specialties

Famous FRANCHISE Diner style fast casual with amazing milkshakes, handmade onion rings, and great burgers served with a amazing fry sauce!

History

This Franchise Group was Established in 1960.  The original location still exists today and is a landmark. Now available in AZ with the East Valley location! The restaurant's setting sends one back in time when things were simpler in life. Come inside the restaurant and you're sent back in time 60 Rock N' Roll was in its infancy stage, there were no super highways, and stops like these were where the folks would cool-off their pallets with an ice cold Milk Shake, a good ole burger and some great conversation with travelers.

MORE STATS AND INFO

The owner absentee and have full time jobs. The building has about 2,886 square feet inside and about 300 square foot patio. This restaurant free standing has inside seating for 96 patrons and over 13 for the outside. There are 1 full time manager and 10 part time employees. This restaurant business currently does $65,000 in monthly sale but lacks a full time owner to grow the business to its full potential. The owner's cash flow in 2013 should be in teh $85,000 range. So this is priced to sell as most franchises are selling for more than 3 times cash flow.

The Franchise

Most people who own a franchise do so because they want to run their own business. They want a good long term investment, something that is easy to start and operate and has the potential for great success. This concept has a long history of success and has been implemented through years of development. This expertise has been carefully documented in proprietary Operations Manuals, which together with continuing hands-on support, guide franchisees through each step of starting and running their stores.

Financing

This business may be able to obtain an SBA loan depending on the strength of the Buyer in terms of experience, credit and down payment.

This is a Paramount Restaurant Brokers, Inc. listing

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Tempe
Lease Term:
Expires April 15 2018 + 1 Five Year Option
Total Monthly Rent:
$6,000
Security Deposit:
$6,000

Financials

Last Year's Annual Gross:
$802,168
Last Year's Owner's Cash Flow:
$84,645

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
17
Hours Open:
MON TO THUR 10:30 AM TO 10 PM
FRI, SAT 10:30 AM TO 11 PM
SUN 11:00 AM TO 10:00 PM
Year Established:
2013
Hood System Type 1:
Yes

Facilities

Indoor Seating:
95
Outdoor Seating:
11
Inside Sq. Ft.:
2886
Outside Sq. Ft.:
300

Highlights

  • BURGER
  • RESTAURANT
  • ICE CREAM

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 45,180 124,571 320,217
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,721 32,885 95,115
2010 Persons Per Household 3.01 3.10 2.95
Median House Value $212,100 $219,141 $210,202
Income Per Household $87,508 $84,542 $74,605
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 579 1,888 5,312
2012 Number Of Employees 13,220 43,342 119,934
2012 Total Annual Payroll $198,935,000 $694,908,000 $2,193,493,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("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.

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