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Dairy Queen Brazier - Closed

Location  Ohio,United States
Asking Price Range  $250K - $500K
Gross Revenues  $950000
Net Profit / Cash Flow  $150000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2001
Number of Employees  10 - 19
Inventory  150000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  Any type of fast food will work here.
Reason for Sale  This is a closed business.
Description  The Selling Price for the building and the equipment is $400,000. This is a closed business. Please read the reason that it was closed. There are 4 parcels of land and one building. They comprise .4 acres. The 1/2 year real estate taxes are $9,453.38. The Owner built the building in 2001 and started the franchise when the building was finished. The building has 2,600 sq. ft. with a drive thru window, an outside menu board and speakers system. Attached is a complete list of the equipment. Everything that was purchased was top of the line equipment and very well maintained. The building has 3 rooftop HVAC's. Spitzer Marina and Party Center is just 1 mile away, Lorain Yacht club is 1 mile away and the very well know white table cloth Jakalope Restaurant is just 1/2 mile away. Spitzer is still spending millions of dollars on expanding his facility. The property values will go up accordingly. The business did very well while it was a Dairy Queen Brazier. Over 50% of the business was Fast Food ( Hamburgers, French Fries, Etc.) and the remainder was ice cream oriented products. The owner got into a dispute with the corporate home office regarding their demand that he add another item to the menu. He refused and they took away his Franchise License. With the excellent condition of the equipment, a new concept with a good product line will do well here. The Parking Lot needs to be refinished and striped. The place looks new inside. Will furnish equipment list upon request. Call 440-885-0139.
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