Franchise Buffet - Western Style

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Business Description

Western Style Franchise Buffet started in 2008. In a large Free Standing building located in shopping center. Great visibility and good parking situation. The business has continuously grown to current level of $3,000,000 annually with Net Profit of $420,000 annually. Franchise royalties run 2%of Gross Sales. The business seats 276 customers. Premises is nicely laid out to provide a quiet relaxed atmosphere throughout. The Buffet offers a wide selection of Fresh Food Items from Salads and Sides, from Fried Chicken and Steaks to the best Deserts. Buyer can add Beer and Wine License---other locations increased 20% Sales when added---Seller does not sell B&W. Buyer can also do catering and promote parties since space is large. This is a Fantastic Opportunity!!!!!
Business is a Franchise but only 2% Royalty and good support.

About the Business

Year Established:
2008
Number of Employees:
47
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
9,416
Lease Rate/Sq. Ft./Mo.:
$2.33
Lease Expiration:
10/18/2018
Facilities:
Business is located in 9416 sq ft Free Standing Building in Shopping Center on busy Street. Great Visibility. Good Parking.
Market Outlook/
Competition:
Business is well established with lots of repeat customers. Business currently does no advertisement.
Growth & Expansion:
Can expand Sales with local advertisement. Buyer can also consider marketing and advertising Catering Services. Beer and Wine license addition will also increase. Sales.
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About the Sale

Reason For Selling:
Wants to pursue other interests
Training/Support:
Buyer must attend Franchisor Training Program. Seller will also Train, as required.
Seller Financing:
Free Standing in Large Shopping Center

Listing Info

ID:
1392893
Ad Detail Views:
157
Asking Price:
$1,295,000

Gross Revenue:
$3,000,000
Cash Flow:
$420,000
EBITDA:
$420,000
Inventory:
$15,000
not included in asking price

FF&E:
$1,200,000
included in asking price

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Business Listed by

Henry Miller

BIR Business Brokers - 1441032

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