Listing ID: 70074
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 people choose to sell companies. However, the genuine factor vs the one they tell you might be 2 entirely different things. For instance, they may say "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in earnings, or an array of various other factors. This is why it is really important that you not count totally on a vendor's word, but instead, use the seller's solution in conjunction with your total due diligence. This will repaint a much more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that revenue margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new consumers? Often times, operating businesses have repeat clients, which form the core of their everyday profits. Particular elements such as new competitors sprouting up around the area, road building, as well as personnel turn over can impact repeat consumers and also adversely affect future earnings. One vital thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the greater the possibility to develop a returning client base. A final idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood average household earnings impact future income prospects?
