Fast Food Franchise With Beer & Wine
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $840000
Net Profit / Cash Flow $80000
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 5 year old franchise restaurant for sale with beer and wine is a proven, absentee owned business in a major shopping center. The concept, which has experienced continued popularity in recent years (and despite the economic downturn) shows signs that it should continue to thrive. With an average build-out expense ranging from $500,000 to $600,000, this sale represents tremendous value to those seeking the security of a an absentee owned, established franchise but does not seek to experience the time or hassle associated with new location site selection, lease negotiation, build-out, beer and wine permitting, and ramp up time. Asking Price 425,000.
The restaurant is located in a 2,000 square foot facility that leases for $8,100 (including CAM) on a lease until 2016. The sale includes all of the furniture, fixtures and equipment of the business, as well as the franchise rights, inventory and goodwill. As the business is located in large shopping center, competition naturally exists. This location has exploited it niche and developed a loyal following of employees, shoppers and nearby residents. This business could benefit greatly from a higher degree of management oversight, as it is currently run entirely absentee. A working owner-operator will likely result in an improved customer service, increased productivity, and greater operating efficiency.
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