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RESTAURANT - #5311

Seller: Attn: Roy Huffman
Location: Indianola
Listing Number: "5311"

Asking Price: $189000.0000 USD USA Dollars
Industry: Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling: Other interests
Year Established: 2008
Yearly Revenue: $159000.0000

Overview:

RESTAURANT: 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.

Property Features and Assets:

Furniture, Fixtures and Equipment: $232,800 Included in asking price.

Additional Details: