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OFFER TO SELL
Client No. 05124
Business:
Two (2) “casual dining”, medium-priced, nationally franchised restaurants (with liquor licenses) located in a high growth area of Eastern Pennsylvania. The owners also have the exclusive rights to develop additional franchise restaurants in a three (3) county area.
Sales:
Year Ending December 31, 2005 |
A: $2,110,515 |
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B: $2,078,799 |
Year Ending December 31, 2004 |
A: $1,897,025 (closed 7 wks for kitchen renovations) |
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B: $2,283,643 |
Year Ending December 31, 2003 |
A: $2,354,598 |
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B: $317,756 (opened 11/24/03) |
Employees:
Restaurant A: 2 managers (kitchen & bar/dining area) and 2 assistant managers. In addition to the management group, there are 60 total employees with 25 assigned to the kitchen and 35 assigned to the bar/dining area.
Restaurant B: 3 managers (kitchen & bar/dining area) and 1 assistant manger. In addition to the management group, there are 62 total employees with 25 assigned to the kitchen and 37 assigned to the bar/dining area.
Reason for Sale:
The owners each have other business interests and they want to focus their efforts and resources in those areas.
Terms and Price:
With Restaurant A, the building is owned and the property is leased. With Restaurant B, both the building and property are owned. Terms and price are flexible depending upon the structure of the sale.
Fees:
Penn Capital Group, L.L.C. has been engaged exclusively to sell this company and our fee is paid by the seller.
More detailed information will be supplied to serious buyers upon the signing of a confidentiality agreement. A verification of the potential buyer’s financial capabilities will be required. All communication, inquiries and requests for information should be directed to
Lawrence N. Blake
Penn Capital Group, L.L.C.
5 Shadow Lane
Chadds Ford, PA 19317
Phone: 610-388-7119
Fax: 610-388-3361
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