000 In Absentee Owner Earnings! Benevolence, GA 39840

Property Details for 000 In Absentee Owner Earnings!

Year built

1990

Property size

2,200 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This turnkey franchise restaurant in Cuthbert, Georgia presents a remarkable investment opportunity. Boasting $745,937 in gross revenue and $209,162 in owner earnings, this well-established business offers significant financial returns. The 2,200 square foot space, built in 1990, is currently leased under a 10-year agreement with a monthly rent of $5,000, inclusive of CAMs, taxes, and insurance. The lease extends until 2034 with renewal options. The sale includes a fully equipped kitchen featuring a 5-foot grill, cold bar, refrigerators, freezers (walk-in and counter-top), fryers, ovens, coffee makers, a dishwasher, and more. Dining space includes booths, tables, and chairs. The business employs 11 people and benefits from strong brand support, including owner training and franchise business consultants. A franchise transfer fee of $8,750 covers training and the remaining franchise agreement term. Royalties are 4.75% of sales, with an additional 2.5% for national marketing. The seller's reason for selling is relocation. SBA lending is available for qualified buyers with restaurant experience and strong credit. While the current operation is successful, there's potential for growth by introducing a breakfast menu, capitalizing on the nearby highway's high traffic volume. This franchise presents a rare chance to acquire a profitable, established business with low overhead and significant earning potential. The asking price is $525,000.

Location Insight

City

Benevolence

County

Randolph

State

Georgia

Longitude

-84.7316

Latitude

31.8385