| Restaurant - Fast Casual Franchise Resale NCListing DetailsOffice ID: SALAD3 Status: Active Listing Broker: Charles Milam, M&AMI, CBI Listing Price: $139,400 Gross Revenue: $582,000 12 Month Forecast: $600,000 Inventory: $6,000 Inventory Included: Yes FF&E: $400,200 FF&E Included: Yes Sales Structure: Asset Sale Seller Financing: Yes Absentee Owner: Yes Minority Owned: Yes Reason for Sale: Owner has taken a job in another city to continue to concentrate on a corporate careerTraining: Franchisor provided, manager and assistant manager are in placeOperationsYear 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 financingPotential 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 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: Jun 17, 2019 / 12:05 PM Financial Information Current as of: Nov 8, 2017 / 10:42 AM |
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