Property summary
This established Salisbury, Maryland restaurant franchise presents a compelling investment opportunity. Boasting 2,500 square feet of space, this turnkey operation is projected to achieve $1.1 million in net sales by the end of 2023, generating a substantial owner-operator income of $146,000. The business benefits from a fully staffed team, ensuring a smooth transition for the new owner. Financial records are available for verification. SBA lending is a viable option, requiring only a 20% down payment. The current lease, encompassing base rent and CAM charges totaling $9,273.09 per month, extends until July 31, 2025, with options for renewal to be determined. The restaurant features extensive equipment including a hood system, walk-in cooler, multiple refrigerators, grills, fryers, and ample seating for 68 patrons (12 booths, 1 banquette, tables, chairs, and stools). The sale includes the established brand, processes, and systems, along with a $10,000 transfer fee covering comprehensive training and ongoing support from the franchisor. A 5% royalty fee and a 4% marketing charge are associated with the franchise agreement. The seller is retiring, presenting a unique opportunity for a new owner to capitalize on this successful, long-established business within the community. The restaurant has 20 employees. The business is a franchise, not an asset sale.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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