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Reduced - Fast Casual Restaurant
NCListing DetailsOffice ID: SALAD3
Status: Active
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $99,400
Gross Revenue: $480,000
12 Month Forecast: $500,000
Forecasted Cash Flow: $10,000
Inventory: $2,000
Inventory Included: Yes
FF&E: $100,000
FF&E Included: Yes
Sales Structure: Asset Sale
Absentee Owner: Yes
Minority Owned: Yes
Reason for Sale:
Five years after opening the restaurant, the Seller has found success in the corporate world and has re-located thus selling the restaurant has become a priority.
Training:
Franchisor provided with assistance from Seller.
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 concept sells fresh, made-to-order food items ranging from salads to sandwiches.  It is located in a high traffic, destination shopping center with many successful retail stores and restaurants.
Historical Summary:
The franchisee is an absentee owner with a corporate job who typically spends no more than 5 hours per week working in the business.  Seasoned employees are in place and would likely stay if wanted.
Owner Qualifications:
Restaurant management experience and sufficent liquid capital to qualify for vendor terms
Potential Growth:
Growing revenue in the dinner, weekend, delivery and catering facets of the business while bringing down both food and personnel costs would lead to immediate profits
LocationType of Location: Strip Center
Lease Expires: Mar 15, 2024
Monthly Rent: $6,000
Monthly Common Area Maintenance: $255
Square Footage: 3000
Facilities:

The facility would be much less than a new build-out and the location offers great customer traffic


Franchise Renewal Date: Apr 15, 2024
Royalty %: 5
Avert Co-op %: 3
Franchise Transfer Fee: $17,500
Last Updated: Aug 19, 2019 / 4:04 PM
Financial Information Current as of: Nov 8, 2017 / 10:42 AM