Existing Franchise for Sale - High Traffic Mall - Quality Brand

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Asking Price:
$99,000

Gross Revenue:
$350,240
Cash Flow:
$58,970
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Buy this existing franchise for sale. Great location nearby Philadelphia in mall location at outstanding rent! Owner is relocating and he says sell! Gross sales of $400,000 per year and priced to move!
This existing franchise for sale opportunity generates annual sales of $400,000 in a great location. Join a strong national retailer line-up with this existing franchise for sale located in the most affluent area of Reading Pennsylvania. Be part of the only regional mall between King of Prussia and Lancaster. Join brands like Aeropostale, Finish Line and Gap in a nearly 800,000 square foot regional mall that draws traffic from a large area.
The fully equipped kitchen includes heated counter tops, portion control scales, a steamer, slicers, refrigerated merchandiser and everything else perfect for cooking up the menu at this existing franchise for sale offered by We Sell Restaurants. This 2471 square foot unit has monthly rent including CAMS, Taxes and Insurance of just $4125.61. The lease will expire in December 2023
The current owner is selling due to relocation. His loss is your gain. With their strong brand identity, exceptional franchisee relationships, and passionate executive team, this existing franchise for sale is perfectly poised for growth.
This easy to operate location has 2 full time employees and 8 part time employees in place who will remain after the sale. An existing franchise for sale like this one means you get the support and training of a major brand and no headaches in building and find the right location.
Full training program includes 6 weeks training directly from the brand itself along with ongoing support by Area Managers. Training is included in the $10,000 transfer fee charged by the brand and also covers the remaining term of the existing franchise for sale agreement along with all options to renew. Royalties are just 6 percent of sales, and marketing fees are only 4 percent.
Operating hours are just 10:30 AM - 9:00 PM Sunday through Monday and 10:30 AM - 9:30 PM Friday and Saturday.

About the Business

Location:
Reading, Pennsylvania
Year Established:
2013
Number of Employees:
10
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
2,471
Rent:
$4,126.57 Per Month
Lease Expiration:
12/1/2023
Facilities:
Sandwich Salad prep meg top Food pans Cutting boards Sandwich salad mega top 2 door Cutting board brackets Refrigerated merchandiser Caster for refrigerators Freezers 2 door reach in refrigerator Conveyor toaster stacking kit for holman toaster Stainless steel worktables casters w out brakes for tables casters w brakes for tables shelving posts electronic portion control digital scale vegetable slicer base for slicers and shredders tomato slicer blade assembly deli paper sleeves deli wrap holder display rail warmer countertop microwave chemical dish machine utility cart chairs and cushions custom tabletops bases columns paint handicap sign trash cabinet mats high chairs w safety straps menu boards sinks pre-rinse unit faucets hand sinks steamer
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Located in Wyomissing the most affluent area of Reading PA and ideally located on US 422 Part of the only regional mall between King of Prussia and Lancaster
Growth & Expansion:
The area is home to six institutions of higher learning including the historical Albright College The brand has more than one thousand units worldwide and has a sold out presence in most markets National ad campaign
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About the Sale

Reason For Selling:
Relocation
Training/Support:
6 weeks Franchise

Listing Info

ID:
1512327
Ad Detail Views:
244

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Business Listed by

Eric Gagnon

We Sell Restaurants
License# H49152

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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