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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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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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