Restaurant - Rite Sandwich Shoppes
Location Iowa,United States
Asking Price Range < $250K
Gross Revenues $159000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2008
Number of Employees 1 - 3
Inventory 232800
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Training available from corporate franchisor.
Reason for Sale Other interests.
Description Restaurant for sale: Maid - Rite Sandwich Shoppes have been a familiar part of many Midwestern communities for over 80 years. In addition to Maid - Rite fresh ground beef sandwiches, the menu includes other fast - casual staples such as a breaded Tenderloin, chili, French fries, and hand - scooped malts and shakes. The owner of this location closed the business and turned ownership back to the bank after battling a number of issues stemming mainly from the property landlord going into foreclosure. A new property landlord has taken over. All equipment is in very good condition and ready for operation. The sale price, along with possible short - term concessions from the landlord and Corporate franchisor, make this an outstanding opportunity to own a widely - known sandwich shoppe for significantly less than starting a similar operation from scratch. Located in a busy Iowa City.
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