Listing ID: 66926

Business Overview

With 100 locations nationwide and none in the local area, this Teriyaki Franchise is ready for a local developer.
Our food is made when you order. Always fresh, never frozen marinated and grilled meats and customizable bowls meant for delicious and healthier eating. We have a collection of sauces, made from scratch with the best ingredients so we can bring a one-of-a-kind teriyaki taste to each bowl at an affordable price.

Financial

  • Asking Price: $325,000
  • Cash Flow: N/A
  • Gross Revenue: $1,285,260
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,600
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Shops range in size from 1,050 to 2,500+square feet, we consider our “sweet spot” to be between 1,600 to 2,000 square feet. Typical shops are near other national fast casual brands, with high traffic or pedestrian counts and surrounded by customers with known interests in fitness, sports, do-it-yourself projects and home décor.

Is Support & Training Included:

Initial Training Program is classroom style for 4 days in Denver and for 5 days at a corporate shop location. On-Site Training Program is 10-14 days at your shop leading up to and during opening. Ongoing Support We have a team of experienced support managers who provide support to owners pre- and post-opening. Following an owner’s grand opening we provide ongoing support services by phone, email, and on-site visits to their location. Our extensive systems, programs and intranet provide tools to aid the owner’s business operations and maximizing profitability including a Profitkeeper and mystery shop program. We regularly update our Operations Manual to improve operations for all our owners. We also conduct ongoing training programs on daily operations.

Purpose For Selling:

Expansion

Pros and Cons:

Big Bowls provide a delicious, healthier, and more fulfilling alternative to the usual fast food experience of burgers, subs, and pizzas. Includes a simple streamlined menu with high quality ingredients, made-to-order with full customization.

Additional Info

The business was started in 2003, making the business 19 years old.

The business has 10 employees and resides in a building with disclosed square footage of 1,600 sq ft.
The property is leased by the business for $2,500 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell businesses. Nonetheless, the real factor and the one they tell you may be 2 totally different things. As an example, they might state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of other reasons. This is why it is extremely important that you not count absolutely on a seller's word, but rather, use the vendor's answer together with your general due diligence. This will repaint a much more practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans so as to cover things like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that earnings margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area attract brand-new clients? Often times, companies have repeat customers, which form the core of their day-to-day revenues. Specific aspects such as brand-new competitors growing up around the area, road construction, and staff turn over can influence repeat clients as well as negatively impact future incomes. One vital point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business often, the higher the opportunity to build a returning customer base. A final thought is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the local median house income influence future revenue potential?