000 In Earnings At This Salisbury Maryland Franchise For Sale Salisbury, MD 21801

Property Details for 000 In Earnings At This Salisbury Maryland Franchise For Sale

Year built

2015

Property size

2,500 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.