Listing ID: 70073
Business Overview
Fabulous opportunity to join a local Franchise with a long history of success and extremely high local Brand ID!
Very market niche, authentic and little to no competition in the segment. Full Franchise Brand ID, Support & Training are just the start of the multitude of benefits you will reap as a franchisee of this soon to be Hot National Brand!
Prime, Prime, Prime Mt. Pleasant location close to Thousands of Rooftops, Businesses, Big Boxes, Churches and More….
• Owner financing up to 30%
• Fully Turn Key and Operating
• Owner Cash Flow/SDE approx. $270k
• $1mm Sales
• Breakfast and Lunch ONLY no Dinner Sales….
• Add Dinner and Add PROFITS!
• Multi Year history of Profits
• Unique Concept
• Full Franchise Support
• Award Winning Cuisine
• All Proprietary products baked fresh daily and delivered daily
• Very Authentic European Cuisine and Atmosphere
• Low Low Mt. Pleasant Rent…Only $6500 ALL IN!!!!
• Approx. 2500 SQ Ft
• Low Footprint = Low Cost to Operate
• Perfect Owner / Operator Opportunity
• Beautiful Outdoor Dining Patio seating
• Full Working Kitchen Included
• Walk in Cooler
• Walk In Freezer
• Ample Hood
• 1500 Gallon Grease Trap in Place
• Beer and Wine in Place
• Lots of Parking
• Beautiful Authentic Decor
• Modern Build out
• Prime Location
• Thousands of rooftops and cars passing daily
• Major Outlets Near by
• Coveted High Income Neighborhoods Surround
• Close to Beaches
Too many positives to list here! Call us Now!!
Offered at only: $599,000
Information deemed reliable but not guaranteed.
Buyer to verify all information prior to purchase.
Financial
- Asking Price: $599,000
- Cash Flow: $270,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell operating businesses. However, the real factor vs the one they tell you might be 2 absolutely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in incomes, or an array of other factors. This is why it is extremely important that you not rely entirely on a seller's word, however instead, use the vendor's answer combined with your overall due diligence. This will repaint a more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover things like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new clients? Most times, operating businesses have repeat customers, which form the core of their daily earnings. Specific aspects such as brand-new competition growing up around the area, road building, and employee turn over can impact repeat clients and also adversely influence future revenues. One crucial thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the possibility to build a returning customer base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the local median family income impact future earnings prospects?
