Fast Food Restaurant Franchise
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $852000
Net Profit / Cash Flow $24000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training Seminar in KY for KFC and 6 weeks in Store for Taco Bell.
Reason for Sale Owner has another business opportunity he can't refuse.
Description Here is a rare opportunity to own two of the most popular brands in the fast food industry today! Located in the food court of this very popular Westfield mall, this brand new restaurant is perfect for the buyer who wants to capitalize on these two incredible brands in one great mall location. This restaurant for sale is located in one of the busiest, most popular malls in San Diego county and all of southern California! There is an exceptional amount of traffic in this mall and with a great food court it is always booming.
This location just opened on December 4, 2008 after more than eight months of planning, construction and training. In its first two months of operation, this one location has done more than $140,000 in gross revenue! About the time that the store opened, the owner learned that, for family reasons, he will need to relocate outside of the San Diego area. While not needing an immediate sale, he would like to find a buyer to take over this business within the next few months.
Both KFC and Taco Bell franchises are incredibly successful wherever they are located. Being inside a very popular mall makes this location highly profitable. Customers can't get enough of this type of food and it's ready in only a few minutes making it a great way to maximize the amount of customers coming through the doors.
The triple net lease runs until 2018. Rent is $9,500 including cam & triple net per month with a 3% per annum (in June) increase. Utilities are approximately $1,500/per month. Royalties for KFC are 8% of sales and for Taco Bell they are 10%. Again, the current owner has only been at this location for 3 months and is netting about $20,000 per month. However, he is moving out of the area to pursue a venture with his family.
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