Property Description
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BUSINESS FOR SALE ONLY – DOES NOT INCLUDE LAND OR BUILDING
HIGHLIGHTS:
- Corner location at signalized intersection
- Average Daily Traffic Count: 20,100 VPD
- Profitable operating business
- Franchise Fee (Paid)
- Fully equipped and furnished
- Lease rate is $1,100 per month
- Lease expires 2022
FINANCIALS:
- Average Monthly Gross Income: $23,000 – $28,000
- Average Monthly Expenses: $17,800 – $19,000
- Average Monthly NOI: $ 5,800 – $ 7,500
- Average Annual NOI: $69,000 – $90,000
SUMMARY:
Shark’s Fish & Chicken menu includes catfish, ocean perch, tilapia, grouper, chicken legs, gizzards, livers, oyster, catfish nuggets, flounder, shrimp, chicken tenders, chicken wings chicken nuggets, salads, sandwiches and desserts. With the combination dinner patrons have the option of mixing any two items of their choice. All combo dinners are served with fries, cole slaw, hush puppies and a drink.
Shark’s is a restaurant and not a fast food establishment. Nothing is pre-made. Everything is cooked fresh, and the kitchen is situated so that customers can see for themselves how their food is being prepared.