Reason for Selling:
Part of 5 locations opening.
Overview of the Business:
Top Quality Sports Bar! Rare opportunity to run and own a fully staffed, operational, staffed, franchise look. $650,000 of FF&E, training, in a Major Mall. FAMOUS (8) ATES is a top quality sports bar that reflects this quality in the menu and the decor. This is one of the three sights opening within six months, this Vero location is in the Indian River Mall. This restaurant is at one of the main entrances, consists of 6,048 sq. ft. with over 250 seating capacity, full bar, 27 TVs. The kitchen is clean and extensive form the prep tables, to the freezers, coolers, fire suppression hood system and more. The ownership is through a licensing agreement. $125,000 is for a five year period. Extension options available. The licensing fee is $3,000 per month to the "FAMOUS 8 ATES" Corporation plus operating expenses, IE rent utilities, payroll etc. There is on going support that is available through out the licensing agreement since your success is our success. The buyers minimum cash needed is $200,000: $125,000 for Licensing agreement; $5,000 to $16,000 Inventory; $20,000 Marketing and Misc. expenses; $40,000 for carrying and Back up. No build out expense, No training expense; No down time; set up ready to go. No cost other than the outlined above. There are three locations all in high traffic Mall locations same terms: Tampa, Fort Meyers , Boynton Beach with other locations under review. Have the a million dollar look and build out cost all done for you for ZERO !!!!!! dollars. Walk in and Start making money. The buyers estimated earnings are $85,000 to $150,000 the first year. There is not another DEAL out there like this! This deal is for the experienced to novice Restaurateur's.
Property Features and Assets:
6,049 sq. ft. top quality build out over $650,000 just in FF& E, not including leasehold improvements.
Market Competition and Expansion:
No deal like this avaliable any where all in prime mall locations; lease's already negotiated and in the Corporation's FAMOUS 8 ATES Name with final risk to the company.
Additional Details: