Fast Casual Eatery with 2 Locations

Albany, NY

Seller Financing Available

listing image
Asking Price:$945,000
Gross Revenue:$1,408,315
Established Year:1992
Cash Flow:$389,394
FF&E:$680,036
BUSINESS DESCRIPTION

Serving hotdogs to hamburgers, chicken to seafood, this fast
casual diner prides itself on their fan favorite menu. Since the
early 90’s, this multi-location snack shack has been serving
customers located between two colleges and throughout the
Plattsburgh community and surrounding areas. Over the last
10 years owner has spent less time in operations and more
so on overseeing accounting. Staff includes 2 tenured cooks
who have been with the company for 2 decades, 3 full-time
front of house associates, and 15 part time employees.
Included in the purchase of this business is $680,036 in
assets which include the furniture, kitchen equipment and
travel trailers for catering events. After providing service for
over 30 years, the owners are looking to sell in order to plan
for their retirement. They are willing to train the new owner
for up to a year and have offered to carry 10% of the
purchase price to show that they trust the future success of
the business! This business is primed for new ownership
with many opportunities to grow. A new owner could add
another form of payment, expand into internet sales, or
incorporate a delivery service as a form of increasing
revenue.
Priced at $945,000, both locations are designed in a
comfortable and convenient way. There is an outside patio
that allows for an open environment where customers can
enjoy their favorite foods and hang out with friends or family.
The business also has a popular homemade sauce that
could be jarred up and sold separately to reach a wider
clientele. A 10% down payment of $94,500 returns $193,816
in the first year after debt payments!


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
23
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Equipment: $275,762 Furniture: $117,946 Buildout: $260,328 Inventory: $26,000
Growth & Expansion
Add a card reader as another form of payment, apply for a liquor license, expand into internet sales, add a delivery service, jar and sell the homemade sauce.
Financing
10% Buyer Down Payment $94,500 10% Seller Financing $94,500 80% Bank Loan $756,000
Support & Training
1 year
Reason for Selling
Retirement
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Jared
Olson
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Jared Olson