Listing ID: 80137
Gainesville GA Huddle House Franchise Restaurant for Sale – 2021 Net Profit $128,000 – Fully Staffed – Short Hours
(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord, or Ownership. Documentation and Inspections will be provided upon request)
Gainesville GA Huddle House National Franchise Restaurant for Sale.
Located at 1920 Jesse Jewell Pkwy SE, Gainesville, GA 30501.
Huddle House, Inc. is an American casual dining franchisor. There are 339 units in 23 different states, with a concentration in the southeast United States.
Huddle House has been serving up fresh and hot home style meals for breakfast, lunch, and dinner for more than 60 years.
2,500/SF end cap.
Monthly rent $6,389, all in.
Long term lease with options to renew guarantees longevity.
Brand new remodel in 2018.
2021 Gross Sales $348,145.32
2021 Net Profit $128,000.
Fully Staffed, Easy to Run & Turnkey.
Franchise transfer fee $8,750.
Adding hours could dramatically increase revenues and profits.
Priced at $299,000 with Owner Financing options.
- Asking Price: $299,000
- Cash Flow: $128,000
- Gross Revenue: $348,145
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
2,500/SF end cap. 100-seats. Monthly rent $6,389, all in. Long term lease with options to renew guarantees longevity.
Yes, ask broker for details.
Other business interests.
The company was started in 2016, making the business 6 years old.
The property is leased by the business for $6,389 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. Nevertheless, the real reason vs the one they say to you might be 2 absolutely different things. For instance, they may claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be justifications to try to hide the reality of altering demographics, increased competitors, recent decrease in profits, or a range of various other reasons. This is why it is really important that you not depend totally on a seller's word, yet rather, make use of the seller's answer together with your total due diligence. This will paint a more realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans in order to cover things like inventory, payroll, accounts payable, etc. Remember that occasionally this can suggest that earnings margins are too small. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new clients? Often times, companies have repeat consumers, which develop the core of their everyday revenues. Specific factors such as brand-new competitors growing up around the area, road building, and also employee turnover can affect repeat consumers as well as adversely influence future earnings. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to construct a returning consumer base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the regional mean home income influence future income prospects?