Listing ID: 80538
This is a very successful turnkey burger franchise located in thriving shopping center right next to a theater anchored by a new record breaking sales grocery store. This is a proven franchise selling made to order burgers, homemade shakes, & more, with a easy system in place, exceptional training, with franchise approved distributors delivering all of the inventory to the door. Ordering ahead via app is in place with excellent reviews on Facebook, TripAdvisor, and Yelp.
- Asking Price: $199,000
- Cash Flow: $99,000
- Gross Revenue: $600,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,602
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
This Business Is An Established Franchise
The company was founded in 2011, making the business 11 years old.
The transaction shall not include inventory valued at $10,000*, which ins't included in the suggested price.
The company has 15 employees and is located in a building with disclosed square footage of 1,602 sq ft.
The real estate is leased by the company for $2,524.50 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. Nonetheless, the genuine reason vs the one they tell you may be 2 entirely different things. For instance, they might state "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a variety of various other reasons. This is why it is really crucial that you not rely totally on a vendor's word, however rather, utilize the vendor's response combined with your overall due diligence. This will paint a much more practical picture of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that profit margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be met or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in new clients? Most times, operating businesses have repeat consumers, which form the core of their day-to-day revenues. Certain variables such as brand-new competitors growing up around the location, roadway building and construction, and also employee turn over can influence repeat customers as well as negatively impact future earnings. One important thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business often, the better the possibility to develop a returning consumer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood median home earnings impact future income potential?