Listing ID: 80791
Well established Co-branded Franchise Sandwich and Coffee Shop in a retail strip center, with a DRIVE THRU, nice indoor and outdoor seating, great location – busy street, very good parking, loyal clientele, 16 years strong!
- Asking Price: $300,000
- Cash Flow: $83,076
- Gross Revenue: $487,676
- EBITDA: N/A
- FF&E: $130,000
- Inventory: $8,141
- Inventory Included: N/A
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
End unit in retail strip center with easy access drive thru, neighborhood gathering place, ample parking, good visibility, recently upgraded tenant improvements and equipment, very nice and clean... over $250,000 invested.
Will train for 4 weeks @ $0 cost. Restaurant experience and management helpful, very good franchise support.
The Owner wants to retire.
Quick serve drive thru Sandwich and Coffee. Excellent track record... did very well during Covid with loyal clientele, great location, indoor / outdoor seating and drive thru.
Opportunity for expanded Catering, Delivery, Digital Strategies... location has nice indoor and outdoor seating, loyal clientele, easy drive thru, plenty of parking and a very well established and successful franchise for support.
This Business Is An Established Franchise
The venture was started in 2005, making the business 17 years old.
The sale won't include inventory valued at $8,141*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell businesses. Nonetheless, the real reason and the one they tell you might be 2 absolutely different things. For instance, they may say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in revenues, or a variety of various other reasons. This is why it is really vital that you not depend entirely on a vendor's word, but instead, make use of the seller's response combined with your total due diligence. This will paint a more realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover points like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that revenue margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new customers? Often times, companies have repeat customers, which form the core of their daily earnings. Specific variables such as brand-new competitors sprouting up around the area, roadway building, and employee turn over can influence repeat clients as well as adversely impact future earnings. One vital point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the better the chance to build 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? Exactly how might the regional average family income impact future income potential?