Two Franchised Fast Casual Restaurants in the Tidewater, VA region. The locations have averaged annual sales of more than $893,000 per unit. Sales have increased at an average of 6.7% annually over the past four years. The Franchisor will require that the buyer complete remodeling work of approx. $250,000
About the Business
Both restaurants are located in prominent shopping centers
Growth & Expansion:
Each restaurant has a defined territory with limited protection rights. Franchise fees include 5% royalty payment and a 4% advertising allowance
Asking Price: Not Disclosed Gross Revenue: $1,724,000Cash Flow: Not DisclosedEBITDA: $305,600Inventory: Not Disclosed FF&E: Not Disclosed Share 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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