At 12k/week, a carry out /delivery store could be barely breaking even or it could be making 100k+ per year profit. This would depend on overhead, menu prices, # of hours per week open, franchise fees, and numerous other factors. If the store is juat breaking even, all you are doing is buying yourself a job and future “blue sky” . In that case, 50k-100k would seem to be the max that the store would be worth. If the business is netting 100k to 125k, the asking price might be a little high but still reasonable. Other factors to consider. Is the seller going to finance the majority of the purchase price? If so you may pay a slight premium. Right now is a very difficult time in the delivery/carryout market. Record cheese prices, flour nearly double previous years prices, record high energy bills, huge increases in insurance costs, minimum wage increases, and driver reimbursements increasing due to $3=$3.50/gal. gasoline have really put a squeeze on the bottom line. This really has been the perfect storm. The big three have seen same store sales slipping and they are going to advertise and discount and do whatever else is necessary to try to gain back marketshare. Yet, a well run independent will be able to ride out these rough times and enjoy some good times when the roller coaster comes back to the platform.