Fast Food Franchise
Location: Southeast
Industry: Food and Beverage > Other Food and Beverage
Financials
Asking Price: $550,000
Gross Revenue: $507,532
Gross Revenue Comments: 2007 P&Ls
Cash Flow: $120,061
Cash Flow Comments: Net Profit Before Taxes. No addbacks.
Seller Financing: None.
Business Summary
This fast food franchise is located in a premire shopping area of the state near other fast food restaurants that compliment its sales and attract customers. This franchised shop is very profitable with 70% gross profit and over 20% net profit for the current owner. The current owner is an absentee owner nearing retirement age. He has other business interest and wants to cut back to spend more time with family rather than the businesses he owns. This is a rare opportunity for someone to step into an established business that has been successful for over 18 years.
About the Business
Year Established: 1989
Employees: 2 full time - 4 part time
Franchise: Yes
Facilities: The restaurant operates out of a 425 sq. ft. leased space in the food court of a major Southeastern Mall. The rent is $8400/month. The space is located on the first floor of the Mall and at one end of the food court just before the main promenade. This is the perfect spot for the dinners to stop just before continuing with their shopping inside the Mall. That space contains a serving area, serving bar, work counters, walk-in freezer and a maintenance closet.
About the Sale
Management Training and Support: As required. Franchise training will be required.
Reason For Selling: Retirement.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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