Franchise Restaurant for Sale

Business
  • Listing# : 18102
  • Listed Price : $390,000
  • Total Sales : $1,302,060
  • SIC : 5812
  • Down Payment : $290,000
  • Status : Active
  • Discretionary Earnings : $194,013

Business Type :

Restaurants / Fast Food Franchise

Business Description :

Well known iconic franchise with more than 30 locations in South Florida.  Fast casual restaurant brand known for its legendary cheesesteak, wings, gyros and burgers.  This restaurant has been established for 13 years.  Stand alone building with 9 years remaining on the lease with favorable conditions. Fully staffed restaurant with owner living out of state and dedicating only 10 hours a week, easy to run.  Growth opportunity by serving breakfast and opening 24 hours. Breakdown of sales: 65% delivery, 20% drive through and 15% dine in.  Royalty is 6% plus 3% advertising.  Owner is absentee, full staff in place. Numbers assume that the owner works in the business as one of the managers, the salary for one of the managers is added back ($60k).

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $15,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $100,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $100,000
    • Incl : Yes
    • Total Assets $215,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Restaurants