Listing Number: 1110202-376784
Description
If you have ever dreamed of owning and running a successful restaurant in the St Louis suburbs with the support of an established franchise and without the expense, risk and headaches of startup, this is a great opportunity for you. The sellers have invested nearly $900,000 to build this restaurant and they are willing to sell it for $295,000 so they can pay down debt and focus on their other businesses. It is currently operating with virtually no owner oversight and it needs hands-on management to optimize growth and profitability. This turnkey restaurant has already been through the difficult and expensive startup process and is poised to realize immediate cash flow and significant growth and profitability. Achieving $1.5 million in revenue during its first year demonstrates the strength of its brand, its products, community support and potential. When adjusted for discretionary allocations and owner benefits, first year cash flow exceeded $66,000. Normalized for standard COGS and removal of 2022 expenses paid in 2023 (cash basis), cash flow exceeded $148,000. Growth and cost savings opportunities abound.
For more information, contact Charlie Scarlett listing agent with Transworld Business Advisors at 636-400-5406, [email protected] or our office at 636-400-6100 [email protected]
Listing Details
- Price: $295,000
- Down Payment: $29,500
- Sellers Discretionary Earnings: $58,277
- Total Sales: $1,491,071
- Location: St. Clair County, Illinois
- Inventory: $14,500
- FF&E: $216,000
- Employees: 18
- Year Established: 2022
- Reason for Selling: Focus on other businesses
- Category: Restaurants
Contact Agent:
- John J Coveyou
- Phone: (636) 400-5407
- Email: [email protected]
