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Bank owned Formerly Checkers in St. Paul - Price reduced $100K

Status: Available
Listing ID#: 548020
Listing Type: Closed/Foreclosed/Bank Owned
Property Type: Restaurants
Location: 1011 Robert Street South St Paul, MN 7 County Metro 55118 Minnesota
Asking Price: USD 399,000
Down Payment: 399000
Gross Income: 600000
Furniture, Fixtures & Equipment: 75000
Seller Financing Available: No
Financing: New Financing, with possible bank terms
Reason Selling: Divest of operations
Year Established: 2007
Lot Size (acres): 1/3 acre appx
Size (square feet): 17,000 sq ft lot
Facilities: 754 sq ft
Competition: Purchase or rent to own.
Market Outlook: Great market outlook! The food stop has easy access points, residential/business nearby and tremendous traffic counts.
Growth & Expansion: While undeniably easy to spot this food stop gem; it could use some creative marketing schemes. Checkers is on the rise and has lots of exposure. I believe more signage on main highways and food promotions will really create more of a buzz. Creative marketing schemes as well.
Support/Training: Currenty Closed
Employees: Currently Closed
License requirements: Food license Food Handlers Franchise requirements
Submission Date: 05-17-2011
Last Update: 08-18-2011
Agent Details: Jerry Vlaminck
Company Name: HSC Brokers
Phone Number: 763-972-9077
Fax: 763-972-9080
Mobile Phone: 612-363-7456
Drive-in to this one of a kind turnkey food stop.  This grand on-the-go food stop gets your mouth watering for more delicious burgers in every bite.  The food stop has frontage on the main drag with, two easy access points and traffic counts that sky rocket all day.
The Checkers franchise is bursting across the U.S.A.  Checkers is the nation’s largest double drive-thru restaurants.  The clientele is enormous with over 800 locations.  Checkers are perfectly sited for today’s on-the-go guest.  Checkers is known for its fresh and robust flavors of burgers, fries and salads.  You can see why their motto “little place.  BIG TASTE” is irrefutable.


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