Existing Franchise for Sale in High Point NC

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Asking Price:
$120,000

Gross Revenue:
$435,671
Cash Flow:
$60,738
(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. Why develop a new business from the ground up when you can buy earnings on the books? Net Sales of over $435,000 are generating over $60,000 for this this High Point, North Carolina location.

This existing franchise for sale is already successful. Simple yet sophisticated sandwich concept has spread across the globe. Fans can't get enough of the taste, ordering system and overall feel of this brand. This is a major player that will have over 500 locations in 40 states and 11 countries by the end of 2018. You get an existing franchise for sale location without the struggle to build from the ground up, concept these restaurant brokers endorse.

The local trade area and demographics are just right for this existing franchise for sale concept. High Point North Carolina is located in the Piedmont Triad region of the state. It is currently the ninth-largest municipality in North Carolina with an estimated population in 2014 of 108,629. Known for its manufacturing, the city is sometimes referred to as the "Home Furnishings Capital of the World" and hosts a twice-yearly Furniture Market that attracts 100,000 exhibitors and buyers from around the world.

Looking for demonstrated earnings and simple transactions qualified for lending? Choose this existing franchise for sale. Good sales of over $435,000 and over $60,000 in earnings. This will qualify for SBA lending with 20 percent down and our resources who will have responses for you in days, not week. The purchase will be spread over a ten-year loan with favorable rates for those with strong credit.

This 1600 square foot existing franchise for sale location in North Carolina is simple and easy to run. The monthly lease rate is $2962.52 which includes CAMS, taxes and insurance. The lease is valid until 11/15/2035 which not only includes the original lease term, but also any renewal options.

Support by the brand is included in the purchase of this existing franchise for sale. This includes 3 weeks of training and support by their Franchise Business Consultants. The franchise transfer fee of $5000 is charged by the brand to cover your training and the remaining term of the franchise agreement.

About the Business

Year Established:
2014
Number of Employees:
6 FT 4 PT
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,600
Lease Rate/Sq. Ft./Mo.:
$2,962.54
Lease Expiration:
11/15/2035
Facilities:
Walk in cooler
> Walk in freezer
> Two 6' Refrigerated make lines
> Under-counter refrigerator
> Two Lincoln ovens
> Automatic Slicer
> Microwave
> Oven table
> POS Silver System (Register terminal, printer, office PC, coin changer,
> printer) Menu board hardware Order counter, bag holders and counter
> top graphics hardware Ice cream dipping cabinet Kids order counter &
> menu board Tables, table bases Chairs & bar stools Ice machine & bin
> Shake blenders Shake topping holders Paper towel holders Trash
> cans/trash can holders Interior signage Chip rack Vibe circles &
> marketing board hardware & graphics Birch mill-work panels Newspaper
> holder Hand dryers in RR Storage racks in walk-in cooler, freezer and
> dry storage Wall shelving Restaurant small wares and kitchen utensils
> 3 compartment sink
> Prep tables
> Hand sinks
> Safe
> Existing Franchise Term and Any Renewal Options
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
North Carolina ranks as FORBES' Best State for Business for the first time. With one of the highest net migration rates in the U.S., people have been flocking to North Carolina for the past decade.
Growth & Expansion:
Estimated median household income in 2016: $41,250, Population in 2016: 115,299, Unemployment rate low 5.9%
Contact the Seller

About the Sale

Reason For Selling:
Other
Training/Support:
3 Weeks Franchise
Seller Financing:
Rent includes CAMS

Listing Info

ID:
1494763
Ad Detail Views:
593

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Business Listed by

Robin Gagnon

We Sell Restaurants
License# GA SL327379

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Memberships:
   

Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Guilford and Randolph Counties, NC
Age

Gender

Ethnicity

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Guilford and Randolph Counties, NC
Income

Education

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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