Business Overview

This location is a open seven days a week from 11am till 11pm and Friday and Saturdays till 12am. The store has been here for ten years and has great reviews on Facebook, Yelp, and Grub hub. All the management is in place and runs smooth with long time employees. Their is a royalty fee of 1% now and it goes up by 1% a year till it hits 5% max. This is really a nice clean store for someone to continue for many more years.

Financial

  • Asking Price: $150,000
  • Cash Flow: $66,500
  • Gross Revenue: $660,000
  • EBITDA: $70,000
  • FF&E: $100,000
  • Inventory: $3,000
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,745
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The store consists of 1745 square feet of space in a strip center on end cap. The rent, CAM and real-estate taxes are $3,500 a month. Easily seen from street and front parking for pickup and carry out.

Is Support & Training Included:

The seller will train up to 2 weeks or 80 hours. The franchise will train as well. Their is a $4,000 training transfer fee paid by the purchaser.

Purpose For Selling:

HAs another business, slowing down.

Pros and Cons:

This franchise has national coverage and TV ads.

Opportunities and Growth:

Just keep doing what your taught and give great service and you will be successful.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was founded in 2011, making the business 11 years old.
The sale shall not include inventory valued at $3,000*, which ins't included in the suggested price.

The business has 2FT & 8PT employees and is located in a building with estimated square footage of 1,745 sq ft.
The building is leased by the business for $3,500 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell businesses. Nonetheless, the real reason vs the one they tell you may be 2 completely different things. As an example, they might state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be excuses to attempt to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a range of other factors. This is why it is very important that you not count completely on a seller's word, but instead, make use of the vendor's answer in conjunction with your total due diligence. This will repaint a more sensible picture of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that revenue margins are too small. Lots of businesses fall into a revolving door of taking on debt 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 equipment or the building where the business resides. The business may have existing agreements with suppliers that must be met or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in brand-new customers? Many times, operating businesses have repeat customers, which form the core of their everyday earnings. Particular variables such as brand-new competition growing up around the location, road building, as well as staff turnover can influence repeat consumers and negatively affect future profits. One vital thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the higher the chance to build a returning consumer base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the neighborhood median home income effect future earnings potential?