Zoomies Burgers & Ice Cream is on the market, and the owners, Valerie and Clyde Howe, say they are offering the business for half of what they sold it for five years ago.
Kelly Hwang purchased Zoomies from the Howes for more than $100,000 in 2008, and added teriyaki to the menu.
Valerie Howe said Hwang, and off-Islander, has struggled with the business — in part because of the bad economy — and it recently fell back into her and her husband’s hands.
The Howes are now selling Zoomies for less than $50,000.
“We just want to cover our note,” Valerie Howe said, adding that she believes the offer is an extremely good deal.
“It’s an exceptional opportunity for someone who has always wanted to own a restaurant,” she said.
The Howes purchased the business in 2002 and had success after transforming it from a Dairy Queen to Zoomies. Valerie Howe said she has fond memories of running the busy restaurant, and believes the right owner can turn the business back around.
“It’s very, very sad to go in and have one person there at lunchtime,” she said. “That is just a heartbreak.”
She said the low price has already attracted the attention of several Islanders, and she’s been busy showing the restaurant.
“Whoever decides to take this, there could not be a better time,” she said.