Philly Steak Franchise Kenosha County- Premium Outlet Mall Food Court!

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Very Busy Outlet Mall & Food Court!
Asking Price:
$299,000

Gross Revenue:
$543,034
Cash Flow:
$114,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Serving authentic Philly cheesesteaks grilled-to-order using quality meats, real cheeses and a proprietary blend of seasonings served on freshly baked bread. Along with Great Steak's world-famous fries, gourmet baked potatoes, fresh salads and a variety of other delicious grilled specialty sandwiches. Plus, kids meals and drinks.

Prime retail space in the Eatery Dining Pavilion (food court) of Pleasant Prairie Premium Outlets, a very popular outdoor outlet center along with All Around Cafe, Chinatown, Subway, Teriyaki Grill and Villa Italian Kitchen.

The center features an impressive collection of 90 designer & name-brand outlet stores including Ann Taylor, Banana Republic, Calvin Klein, Clarks, Coach, Cole Haan, Chicos, Eddie Bauer, Fossil, Gap, Guess, Hugo Boss, J.Crew, Kate Spade, Lacoste, Levi's, Loft, Michael Kors, Nine West, Pandora, Polo Ralph Lauren, Skechers, St. John, Tommy Hilfiger, Tumi, UGG, White House Black Market and much more.

Also, the most popular names in sports & sportswear including Adidas, Asics, Columbia, Converse, Fila, Nike, Puma, Reebok and Under Armour. Plus, everyone's favorite children & teen stores including Aeropostale, American Eagle Outfitters, Carter's, Express, Gymboree, Justice, Journeys, PacSun, Keds, Zumiez and more.

Situated just over the Wisconsin boarder, conveniently located just off I-94 and Highway 165, serving Kenosha County well as the greater Chicago and Milwaukee metropolitan areas.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not discuss with employees or patrons. If interested, contact EatZ for more information.

Showings by appointment only.

Listed by Tom Traina at EatZ & Associates

About the Business

Year Established:
2011
Number of Employees:
6
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
600
Lease Rate/Sq. Ft./Mo.:
$10.20
Lease Expiration:
9/30/2021
Facilities:
Leased Space $6,120/mth incudes rent, CAM, taxes, promo, as well as water, sewer and trash. Current lease expires 2021. Square Feet: 600. Seating: Food Court. Days/Hrs of Operation: Mall Hours = Mo-Sa 10a-9p & Su 10a-7p.
Market Outlook/
Competition:
America's premier cheesesteak. All-American comfort food. Popular with the mall crowd. A hearty "meat & potatoes" option in the food court. Known simply as "Great Steak". Uses only the finest ingredients including specially-cut marinated beef and freshly baked bread. Everything prepared right in in front of the customer to ensure a great eating experience. This brand focuses on quality, freshness and stellar customer service. Their menu also offers a variety of affordable options. Boasts low food costs and an easy operation.

Great Steak ranked #296 on the Franchise 500' list in Entrepreneur magazine, #241 on Restaurant & Institutions magazine's 'Top 400 Restaurant Chains', #398 on the 'Franchise 500' list in Entrepreneur magazine, and #50 on the Franchise Times 'Up & Comers: 100 Companies on the Verge'.
Growth & Expansion:
Growth & Expansion: Since 1982, for more than 25 years The Great Steak and Potato Company has been serving the finest Cheesesteak sandwiches in nearly 200 locations throughout the United States, Canada and abroad.
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About the Sale

Reason For Selling:
Other interests.
Training/Support:
Two weeks on-site comprehensive training.
Seller Financing:
No

Listing Info

ID:
1550330
Ad Detail Views:
339

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Business Listed by

Tom Traina

EatZ & Associates
License# 475175390

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

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