BUSINESS FOR SALE 174 FALON LANE Altoona, PA 16602
2,400 SqFt
UPDATED:
08/14/2024 08:59 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $229
MLS Listing ID PABR2015144
Originating Board BRIGHT
Year Built 2023
Annual Tax Amount $3,595
Tax Year 2023
Property Description
This 2,400 sq ft custom designed restaurant was built in 2023 by the present owner. This store has positive cash flow and tremendous revenue growth. Sales growth is up 24% since January 2024 and continues to be poised for growth. The initial investment into this build out by the current owners was $680,000 in April 2023. This is an incredible opportunity to obtain this store for $550,000 fully constructed and stocked with positive cash flow. AS A BONUS, you will also obtain the franchise for the State College market which the current owners purchased for an anticipated additional store.
This franchise model launched in 2013 has received honors as one of the top 50 fastest growing small franchise concepts in the U.S. by Restaurant News Magazine and has over 100 locations in 22 states. There are multiple revenue streams which include in house dining, Grab ‘N’ Go options, weekly meal plans, packaged goods, and catering.
This location is impeccably clean and organized. They are fully staffed with 14 employees. The franchisor and the existing owners will train the new owners.
This is a turnkey opportunity to own and grow with a reputable restaurant brand. Contact us today for more information.
Hours of Operation: Attractive hours of M-F 11am to 7pm, Sat and Sun 11am to 3pm
Location
State PA
County Blair
Area Logan Twp (15314)
Zoning COMMERCIAL
Interior
Hot Water Multi-tank
Heating Forced Air
Inclusions All inventory, Furniture, Fixtures and Equipment included in sale
Heat Source Natural Gas
Exterior
Garage Spaces 21.0
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors
Parking Type Parking Lot
Total Parking Spaces 21
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Altoona Area
Others
Tax ID 14.00-16..-088.02-000
Ownership Leasehold
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
