| PROFILE: Restaurant - Franchise Resale Cincinnati - Fairfield Area |
| Status: |
Available |
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| State: |
Ohio |
|
| Location: |
Cincinnati Area |
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| County: |
Butler |
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| City: |
Cincinnati |
|
| Primary Category: |
Restaurant Related |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
124478 |
|
| Seller Or Contact: |
Wayne Corney |
|
| Primary Phone: |
513-241-3700 |
|
| Alternate Phone: |
None Given |
|
| Email Address: |
See Form Below |
|
| Date Ad Started: |
4/21/08 |
|
| Date Ad Last Revised: |
4/21/08 |
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|
| Asking Price: |
$195,000 |
|
| Down Payment: |
$195,000 |
|
| Annual Revenue: |
$900,000 |
|
| Annual Adjusted Net: |
$118,000 |
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|
|
| Price Range: |
$100,001-$250,000 |
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| Franchise: |
Yes |
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| Relocatable: |
No |
|
| Home Based: |
No |
|
| Lifestyle: |
No |
|
| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
No |
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DESCRIPTION: The Business Being Offered For Sale Is A Steakhouse Franchise Located On One Of The Most Traveled Highways In Cincinnati, Yet Surrounded By A Large Population Of Residential Homes And Apartments.
The Restaurant Offers Casual Dining At Reasonable Pricing. The Business Has A Long History Of Successful Operation. However, In The Last Two Years The Restaurant Experienced Higher Than
Normal Operating Expenses Which Have Slowly Been Corrected.
Highlights
• The Business Is Now Tracking At The Improved Margins
• The Franchisor Offers Excellent Assistance And Training.
• The Cost Of A New Franchise Restaurant Is Well Above The Asking Price Of This Business.
• Additional Operating Efficiencies Available To An Active Experienced Owner
• Purchaser Can Likely Acquire This Business With Only 15% Down
The Business Is Being Offered For Sale At A Very Attractive Price Reduced To $195,000 (From $295,000) Plus Inventory, Free And Clear Of Debt And Liabilities. .
2007 Sales: $893,000
Acf: 89,000
1st Quarter 2008 Acf: $37,500
Acf: Pretax Profit Of The Business Before Expenses Of Owner Compensation And Perks, Deprec., Interest.
Assets Included: Equipment, Intangibles, Inventory (Additional), Franchise Assignment
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