Broker Of Record: | Sold |
Listing Number: | 8893 |
Type: | Restaurant |
Country: | USA |
State: | MD |
County: | Montgomery |
Reason for Sale: | Other Business Interests |
Building Size: | 2250 Sq. Ft |
Rent/Lease: | Rent: $17,250/month |
Gross Annual Sales: | $ 1,650,000.00 |
Owner's Net: | $ 200,000.00 |
Price: | $ 0.00 |
Comments: | * Great location off Rockville Pike. * This restaurant is a fast casual seafood franchise. * Just like every restaurant during 2020, this franchise also saw drop in sales due to County imposed COVID-19 restrictions. * 2021 Sales are trending upwards and are expected to recover to 2019 level by end of the year. * Franchisor charges a royalty of 4% and an advertising fee of 1.5%. * 10 year lease with one 5 year option. * Qualified buyer must show proof of funds. Casual dining franchise off Rockville Pike; Net:$200K |
Remarks: | Sold |
Important Notes: |
|