Hot Dog, Fast Food Restaurant For Sale – Traverse City, Michigan
Hot Dog, Fast Food Restaurant for sale in Traverse City, Michigan for $49,000! Some seller financing available! Established business opportunity, currently grossing an estimated $298,600 and nets $56,100. Income based on an owner/operator roll. Restaurant is located within a mall food court and offers an extensive menu of hot dogs and other fast food. This restaurant has received national recognition on the Food Channel’s “Food Court Wars” show. Catering service is also currently being offered with the potential for this area of the business to be expanded. Restaurant is operating with 8 employees in place that are willing to transfer if given the opportunity. Includes all kitchen equipment and restaurant fixtures. Turnkey business with a loyal customer base in a mall food court location. Business could easily be expanded into other Michigan malls with franchise locations.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $298,600.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
Some seller financing is available! Terms to be discussed. If more financing is needed you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 6 months. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
Located in Traverse City, Michigan. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: ice maker, Bunn coffee maker, Mannhart potato slicer, back stock shelving, food processor, 3 compartment sink, can opener, onion chopper, 3 shelving units, steam table pans, food storage containers, safe, time card machine, walk-in cooler, walk-in freezer, 2 door undercounter freezer, gas grill with stand, 2 gas fryers, 2 fry warmers, 2 fry holders, single door undercounter refrigerator, 5 well gas steam table, hood system, fountain machine, cash register, 6′ cold table, (2) ice cream freezers, shake machine, stainless shelving, (2) microwaves, utensils, security cameras, chip warmer. Estimated Value is $56,000 .
What size and how many customers can this restaurant seat?
The restaurant kitchen is 650 sq.ft. The restaurant is located in a mall food court that can seat 650.
Does this restaurant currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service?
No. the restaurant does not offer a delivery service or a drive-thru.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 10 years.
Why is the owner selling?
Owner is pursuing a new career opportunity.
What are the hours of operation?
This restaurant is operated from 11.00am to 10.00pm, Monday – Sunday.
What type of neighboring business are in the area?
Currently this food court has the following businesses: Chinese Restaurant, Sandwich Shop and Mexican Fast Food Restaurant.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Established hot dog and fast food restaurant in a mall food court location! Turnkey and move in ready. Restaurant has a loyal customer base and national TV recognition. Includes the cost of all equipment worth an estimated $56,000. Plenty of opportunity to increase revenue. Priced at $49,000. Some seller financing available. Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.