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Seller Financing for $100,000 Down! Steak 'n Shake in TN!

Listing was updated on: 02/13/2020
Seller Financing for $100,000 Down! Steak 'n Shake in TN!

Property Overview

Price/Rent PSF $ 5,500.00
Asset Type Retail
Trade Type Lease
SQ. FT. Available 1
Date Available 02/13/2020
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Description

Seller is willing to finance the business-only price with a $100,000 down payment as long as the Buyer is an existing franchisee for any QSR! Newly Constructed Steak 'n Shake with Property in Metro-Nashville! No re-image requirements for the franchise for the next 10 years! Huge opportunity for an Owner-Operator! Sellers/Owners do not run the store. New Steak 'n Shake concept that is Counter Service only! Restaurant is NOT 24 hours and only open from 10am to 10pm! Buyer can start breakfast if they wish! Payroll is currently $30,000 per month. However, Buyer should be able to bring the operational payroll down to 25% of revenue, or about $13,200 per month. Restaurant opened in November 2018. Restaurant has been running without a good general manager for over a year. Owner-operator can turn the business around! Yearly sales are $630,000 at a 70% margin! Bank financing available at 10% down for the Property! Adjacent to major car headquarters with approximately 8,500 employees. Less than a mile away from the police department, Walmart supercenter, and apartment complex with 288 units. Near a major manufacturer with employees of about 1,300 employees. Traffic count is approximately 27,000 vehicles per day! Total population within 5 miles is about 75,000. 10 parks and a public golf course, including an outdoor water park nearby! The franchise transfer fee is only $10,000. Asking Price for Business-only: $229,000 + inventory. Rent will be $5,500 NNN with a 15-year lease available! Seller is willing to owner finance with a $100,000 down payment if Buyer is an existing franchisee for any QSR!

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