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Georgia Business For Sale |
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| SUCCESSFUL FRANCHISE DELIVERS $345,000 IN EARNINGS |
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| Attn: Eric Gagnon |
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| Atlanta Metro, GA, USA |
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| Asking Price: |
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$695,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Reinvestment of capital to expand |
| Year Established: |
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1999 |
| # of Employees: |
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20 |
| Yearly Revenues: |
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$2,200,000 |
| Yearly Net Profit: |
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$345,000 |
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Business for Sale Overview:
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Established Franchise restaurant is earning in excess of $345,000 on the books. This franchise has a free standing location in a major metropolitan portion of Atlanta and has been in existence for more than seven years. Long standing General Managers and Asst Managers are in place. Owners provide oversight only (no hands-on work) in the business. Perfect books and records back up sales of more than $2.2 Million Dollars annually and a return to the owner of more than $345,000 in 2007. Must pre-qualify with broker on a financial basis. This business will Not qualify for SBA lenders for financing because of the lease terms. It must be a cash purchase. Cash on cash return to buyer is outstanding over terms of initial lease with payback of 200% in four years. Price: $695,000 with commitment by buyer to open two additional locations of this successful franchise or $995,000 for this single location.
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Property Features and Assets:
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Lease: 3,800 square feet of space on three levels (including 2 patios). 4 years remaining on highly desirable Atlanta Metro lease with two 2-year options to renew for a total of 8 years. Note That Renewals Are At The Landlord's Option To Renew. Rent: Approximately $12,200 per month including CAMS. Great build out with indoor and outdoor seating sets the standard for the franchise. Full equipment package. Owner is selling because they have multiple units in operation and need capital to drive more expansion and support the franchise. |
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Market Competition and Expansion:
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Purchase subject to franchise approval and landlord approval. Franchise transfer fee included in selling price. Franchise estimates that starting this business from scratch would cost between $350,000 - $500,000 with No sales and No income. This is a seriously great deal for a going business concern producing a profit. If you want a business with a proven track record on the books, this is the one. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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