|Franchised Adult and Childrens Food Experience Kitchen|
North CarolinaListing DetailsOffice ID: COOK1
Listing Broker: Jeff Snell, CM&AP, M&AMI, LCBI, ABI
Listing Price: $250,000
Gross Revenue: $251,201
Cash Flow: $89,547
12 Month Forecast: $300,000
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will participate in buyer financing up to 10% only if required by SBA lender. Note that there is approximately $8,400 of outstanding gift cards and account credits that buyer will assume as part of the purchase price.
Reason for Sale:Owner wishes to return to public education.
Training:The Franchisor provides a one week initial training on how to operate, as well as ongoing training and support to assist you in optimizing the business. The seller will work with a buyer for two weeks to insure a smooth transition at no additional cost. Franchise transfer fee is $22,500 and will be paid by Buyer at closing.
OperationsYear Established: 2017
Form of Ownership: LLC
Employees (contractors): 4
Business Hours: Office Hours: Monday-Friday 8:00am-5:00pm; Event Hours: 7 days a week, as scheduled
Business Description:This Google 5 star rated successful franchise operation specializes in fresh and unique cooking events in their custom kitchen event studio. This business hosts a wide range of specialty events for families, couple’s night, parties, social groups and a variety of private and public education experiences in their designed Kids Kitchen by day and BYOB Adult Kitchen by night. This franchise is the top culinary entertainment experience as evidenced by extensive press. Engaging and delighting budding chefs in the kitchen in this fun and lucrative environment is the answer for true foodies who want to enjoy culinary arts without becoming a restaurateur.
Historical Summary:This National franchise was a top 500 franchise in Entrepreneur Magazine for 2017. The local franchise operation was opened in Wake County in early 2017 and has been franchising nationally since 2013. They have been featured on NBC News, WSJ, FOX NEWS and Martha Stewart Living. This business has excellent online reviews.
Owner Qualifications:A love of food, families and fun is a must along with familiarity working in the kitchen, but official chef training is not required.
Competition:There are another franchise operations in the local market, but they do not offer the same broad range of events.
Potential Growth:The operation opened early in 2017. Sales have continued to grow significantly each month. A loyal base of customers drives repeat and referral business.
LocationType of Location: Strip Center
Lease Expires: Sep 20, 2026
Option: 10 years
Lease Security: $10,000
Monthly Rent: $3,917
Monthly Common Area Maintenance: $941
Square Footage: 2570
This operation is located in an busy upscale open-air shopping center in 2,570 square feet.
Franchise Renewal Date: Oct 5, 2026
Royalty %: 9
Other Fees: $395
Franchise Transfer Fee: $22,500
--Paid By: Buyer
Last Updated: Feb 28, 2020 / 5:38 PM
Financial Information Current as of: Dec 13, 2017 / 4:37 PM