Newly Built QSR On College Campus For Sale

Description

Recently built-out quick-service restaurant available on a college campus. The sale includes the restaurant assets and existing infrastructure, while the current brand and trade name are excluded.

Restaurant space

• Approximately 3,000 sq. ft.
• Approximately 45 seats
• Fast-casual configuration
• Recently completed buildout
• Existing restaurant equipment included
• Street and municipal parking nearby

The space can potentially be converted to another food concept without starting from an unfinished shell, subject to landlord approval, lease restrictions and applicable permits.

Lease

• Approximately 14 years remaining
• Base rent: $18,750 per month
• Long-term lease already in place

Buyers should review rent increases, additional occupancy charges, assignment provisions, operating requirements and any restrictions associated with the campus location.

Operating hours

The current restaurant operates daily from approximately 11 AM until 3 AM.

Equipment

The seller states that the equipment is well maintained and currently in good operating condition.

A detailed asset schedule should be reviewed to confirm which kitchen equipment, furniture, fixtures and other items are included in the $350,000 purchase price.

Financial history

The restaurant opened recently, so there is limited historical operating data. Sales information is available to qualified buyers upon request.

Buyers should review recent POS reports, weekly sales, campus seasonality, food costs, labor costs and actual customer traffic when evaluating performance.

Sale terms

• Asking price: $350,000
• Asset sale
• Current brand not included

Due diligence

Buyers should verify recent financial performance, lease terms, equipment ownership and condition, licenses, utility costs, kitchen and ventilation compliance, campus operating restrictions, landlord approval requirements and the exact assets transferring with the sale.