Location: Orange County, NY
Industry: Food and Restaurants
Listing ID: 03142020
Franklin’s Restaurant is a quaint Italian restaurant business with 19 year of experience servicing the community. The Company is located in Orange County, New York in a 5,000 square foot restaurant, where it can seat up to 100 guests. In addition, it also has a separate pizza area and cafe and a full working bar and has the ability to separate into three Banquet rooms.
Gross Revenue: $885,000
Cash Flow: $180,000
FFE: $50,000 (Included in Price)
Inventory: $10,000 (Included in Price)
Reason For Sale:
Training & Support:
Year Established: 2001
Days & Hours of Operation: 7 Days
Owner Hours Per Week: 40
Non-Owner Payroll: $6,500
Employees: 5 FT, 8PT
Lease Option: 2 years remaining, with a 20 year option in increments of 5 years
Monthly Rent: 7100
Type of Location: Store front in a strip mall
Square Footage: 5000
5000 sft, seating up to 100 guests
The restaurant services the community 7 days a week. The restaurant business consists of 40 percent dining in the restaurant, 30 percent Banquet’s and 30 percent pizza business. The restaurant offers a wide area of appetizers, salads, soups, pastas, chicken seafood and meat dishes. The restaurant host parties for local hospital and businesses, weddings, birthday parties, graduations and anniversary celebrations.
The business has major growth opportunities in providing offsite catering, which it currently does not promote, in addition to promoting the bar business.