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Businesses For Sale   >>   Michigan Businesses For Sale Categories   >>   

Tubby's Restaurant In Gas Station For Sale

Location  Michigan,United States
Asking Price Range  < $250K
Gross Revenues  $150000
Net Profit / Cash Flow  $66000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2005
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Reason for Sale  Retiring
Description  Tubby's franchised restaurant is in a gas station near Belleville airport and 2.7 miles from I-94 is for sale. Can continue as a Tubby's or can change name. Paid $110,000 for new equipment in 2005. An operating Ford plant is nearby. This location does no advertising. Lease for the 1100 square feet retail storefront runs $1000 per month, with a shared cooler and storage area with a local Convenience Store/Gas Station. Gross sales are approximately $12,500 per month, netting $5,500 cash flow. Royalties are at a minimum flat payment $1400 and based on gross sales. There is one part-time employee plus the owners. Monthly Expenses are: $3500 Food $150 Gas $1000 Rent (includes electric and water/sewer, shared coolers, freezers and storage) $1400 Royalties and Advertising $600 Part-time employee $6650 Total Family owners work 1 full-time plus 1 part-time 25 hours/week.
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