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
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
Business is located in 9416 sq ft Free Standing Building in Shopping Center on busy Street. Great Visibility. Good Parking.
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.
Buyer must attend Franchisor Training Program. Seller will also Train, as required.
Free Standing in Large Shopping Center
Ad Detail Views:
Asking Price: $1,295,000 Gross Revenue: $3,000,000Cash Flow: $420,000EBITDA: $420,000Inventory: $15,000 not included in asking priceFF&E: $1,200,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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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
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