Successful Mid-South Restaurant Chain
Location Tennessee,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $8800000
Net Profit / Cash Flow $925000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1964
Number of Employees > 200
Inventory 60000
Relocatable No
Number of Employees > 200
Real Estate Owned
Training Management willing to stay.
Reason for Sale Company to positioned for growth through additional stores or franchising.
Description Successful restaurant chain in the Mid-South. The company owns and operates 7 locations. The company holds the rights to the name and the ability to develop and or franchise restaurants anywhere else.
This highly respected chain features a breakfast, lunch and dinner menu. Present management is willing to transition new owners into the business. Current owners have positioned this company for profitability and growth.
Revenues are $8.8 million and growing with strong profit margins. CY08 projections are $9.0 million. Adjusted earnings increased at a CAGR of 8.60% from 2005 to 2007.
Historical Financial Data FY ended December 31 ($000).
2005 2006 2007
Sales 6,997 7,813 8,802.
EBITDA 784 911 925.
(Adjusted)
Asking Price Not Disclosed.
FF&E $1,500,000.
Inventory $100,000.
Real Estate $5,000,000.
Highlights:
- 40 year history: Company has developed a winning formula over the 40 years it has been in business.
- High level of repeat business: Excellent customer service, quality food, diversified menu, and affordable prices.
- Attractive facilities: The restaurants offer a modern, clean, open, bright, design. It delivers a fast food concept with a feeling of a full service restaurant.
- Expandable: Owning the rights to the name and the concept the company is poised for expansion through additional company owned stores or franchising.
- Property, Buildings & Equipment: Included in the sale with debt being retired at closing. Favorable lease terms on existing leases.
Email or call Terry Stidham, President, Target Search Group, at (901) 596-3075 for more information on this Restaurant Chain for sale.
Click Here To Contact Seller
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