High End Quick Service Franchise Restaurant
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $1080000
Net Profit / Cash Flow $185000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2008
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Other business ventures.
Description This high end franchise restaurant for sale occupies one of the best locations in this premium mall. Impeccably built out to meet both franchise and mall requirements, this first class establishment spared no expense in their concept implementation. The restaurant has produced impressive results in only its first year of operations, generating over $90,000 in monthly sales (with its peak month s sales at $99k). As the business is operated entirely absentee, a working owner should enhance customer service, operating efficiency and employee productivity, while minimizing costs, likely resulting in dramatically increased profits. Asking Price $850,000.
The restaurant is located in a coveted 1,200 square foot facility that leases for $15,000 including CAM. The sale includes all of the furniture, fixtures and equipment of the business, as well as the training, franchise rights, inventory and goodwill. As the business is located in a mall food court, competition naturally exists from the other food court vendors. This mall provides the restaurant a constant flow of customer and employee traffic, and provides tenants with exclusivity rights preventing other restaurants from offering similar concepts.
As this business is operated absentee, an active, hands on owner will naturally improve the overall operating environment of the business, improving employee productivity and efficiency. Considering the business is still in its infancy and already generating substantial positive cash flow in a sluggish economy, this restaurant has a great deal of untapped upside potential.
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