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Franchised Fast Casual Restaurant Resale
NCListing DetailsOffice ID: SALAD3
Status: Active
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $179,600
Gross Revenue: $582,000
12 Month Forecast: $600,000
Inventory: $6,000
Inventory Included: Yes
FF&E: $643,900
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Absentee Owner: Yes
Reason for Sale:
Personal - seller wants to concentrate on corporate career
Training:
Franchisor provided, manager and assistant manager are in place
OperationsYear Established: 2014
Form of Ownership: LLC
Employees (full-time): 6
Employees (part-time): 10
Managers: 2
Business Hours: Mon - Sun, 11a-9p
Summary
Business Description:
This "fast casual," restaurant franchise concept sells made-to-order food items which are freshly prepared daily which supports their marketing of the menu as a healthy alternative to other fast food fare. It is located in a high traffic, destination shopping center with many successful retail stores.
Historical Summary:
The franchisee, an absentee owner with a corporate job, typically spends no more than 5 hours per week working on the business. A seasoned manager and assistant manager as well as several loyal employees are in place and would likely want to stay.
Owner Qualifications:
Restaurant management experience and sufficent liquid capital to qualify for financing
Potential Growth:
An experienced restaurant operator on-site should be able to expand revenue through growth in the dinner, weekend, delivery and catering business while bringing costs down to profitable levels. The investment in this franchise resale would be substantially less than a new build-out.
LocationType of Location: Strip Center
Real Estate for Sale: Yes
Lease Expires: Mar 15, 2024
Monthly Rent: $6,000
Monthly Common Area Maintenance: $255
Square Footage: 3000
Franchise Renewal Date: Apr 15, 2024
Royalty %: 5
Avert Co-op %: 3
Franchise Transfer Fee: $17,500
--Paid By: Seller
--Paid By: Buyer
Last Updated: Nov 6, 2018 / 12:51 PM
Financial Information Current as of: Nov 8, 2017 / 10:42 AM