6330 Tussing RdReynoldsburg, OH 43068

  • Drive through restaurants
  • 2,951 SF
For Sale
$600,000 View listing

Property Details for 6330 Tussing Rd

Year built
1986
Lot size
1.78 AC
Property size (Sq ft)
2,951 SF
Property type
Drive through restaurants
APN
010-204633
APU
10204633

Description

This exceptional turnkey opportunity presents the chance to acquire a highly successful, established fried chicken restaurant business with two locations. The Reynoldsburg location, situated at 6330 Tussing Road, boasts a spacious 2,951 square foot building on a 13,503.6 square foot lot. This location, along with a second location at 1717 Northwest Boulevard in Grandview (1,872 sq ft), comprises a well-established brand with over 10 years of operational history and consistently strong customer reviews. The business model includes dine-in, delivery, and catering services, contributing to projected 2024 sales of $2.33 million and a cash flow exceeding $250,000. Detailed financial information is available to qualified buyers upon execution of a non-disclosure agreement. The asking price of $600,000 encompasses both locations, and includes comprehensive training for a seamless transition. This is a rare opportunity to own a thriving, reputable restaurant with significant growth potential in a desirable market. The property is categorized as Special Purpose and is located in Franklin County, Ohio, with a zip code of 43068. Please note that discretion is requested

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $755,107
    6.5%
    $697,022
    7%
    $647,235
  • Comparable approach

    Method
    Valuation
    Relative Method
    $695,612
    Geo Method
    $695,612
  • Alternative Use

    Use
    Valuation
    Residential
    $587,964
    Hospitality
    $538,572
    Educational
    $448,086
    Medical
    $463,496
    Retail
    $697,022

Location Insight

City
Reynoldsburg
County
Franklin
State
Ohio
Latitude
39.9278
Longitude
-82.8289
CBSA code
18140
CBSA name
COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,832
$169,330
$115,850
$285,180
-
$483,800
$331,000
$814,800

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