5 Burger King Franchises & 1 Real Estate Parcel - VA & NC

Portsmouth, VA
Asking Price:$3,750,000
Real Estate:$1,700,000
EBITDA:$587,114
BUSINESS DESCRIPTION

Adj. Biz EBITDA $587,114 | AUV $1.53M+ | R/E NOI $104,400 | CAP Rate 6%

Five (5) Burger King franchise businesses. Adj. Business EBITDA $587,114, AUV $1.53M+. Real estate NOI $104,400, CAP Rate 6%. Business $2M / Real estate $1.75M.

No deferred maintenance for 2 years, immediate cashflow, management included, SBA approved. Inventory and cash on hand not included. All stores feature a drive-thru, one with a patio. 4 stores located in Portsmouth & Virginia Beach areas, and 1 location in Moyock NC (real estate included). Leases are transferable. Transfer fee(s) not included.

Franchisor approval required - 40% down payment toward purchase price, min 3 years operation or ownership restaurant experience, and must currently live in the region.


DETAILED INFORMATION
Location
Portsmouth, VA
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Franchise
This business is an established franchise
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Sam
Griffin
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Sam Griffin