SG 11676 Ohio, Cleveland, Avon, Franchised Fast Food Restaurant

Ohio, Cleveland, Avon, Franchised Fast Food Restaurant E2 Visa Qualified $285,000 plus food inventory for the Ohio, Cleveland University Heights Seafood Restaurant Assets Only . The restaurant is currently generating an average of $42,000 per month, with a 65% gross profit margin . The seller is an absentee owner and relies on employees. The seller is also in other businesses. Unable to run the business himself, he initially relied on a managing partner who never actually stayed with it. Seller paid over $300,000 to set up the business. A large 1,950 SF restaurant that comes with considerable potential. Fully equipped. Excellent reputation and a history of customer loyalty. However, it can be converted to other types of food offerings. Currently, the business is operating under absentee ownership. Advertising would be a plus. A variety of Catering Options is available to increase sales and profitability . A delivery service is in place, but it can improve significantly with proper marketing and advertising. Visible location on a major road with lots of traffic in a residential and commercial area. Middle to higher-income residents and many surrounding businesses. The area is heavily populated. There is considerable potential, and it remains a profitable operation, which could be even more profitable for the right owner, operator, or family. Motivated absentee seller, willing to make the right deal with the right owner operator. The seller will assist with financing. Please “ do not disturb employees ” and call The Saleh Group at 614-500-8500 for more information and showings, or visit us online at http://salehgroup.com. Property Details SG Number: SG-11676 Business Type: Restaurant Business Name: SG 11676 Ohio, Cleveland, Avon, Franchised Fast Food Restaurant Listing Price: $285,000 Down Payment: TBD Proposed Seller Financing: Yes Inventory Value: $7,000 Annual Gross Sales: Over $174,000 Annual Owner Profits: Over $174,000 Seller Discretionary Earnings: $174,000 Monthly Rent / Mortgage Payment: $5,000 Seller Competition: Seller to sign a no compete Years Seller has Owned/Operated Business: 3 years Owner Qualifications: Needed but not required Reason for Selling: Other Businesses # of Employees/Management: 3 FT 3 PT 1 M Hours of Operation: 11:00 am - 9:00 pm Monday - Friday and 11:00 am -10 pm Saturday - Sunday Building Size/Type: 1950 sq. ft. Training Provided: 2 weeks at no cost to the buyer State: OH Country: U.S.A. Status: active Branding: Independent Tagged Cleveland Avon Restaurant Franchise Saleh Group