Business Overview:
This business is located at the food court in a very busy food court in DC. This landmark facility brings together federal, state and regional trade resources, along with international trade related businesses and services. This is a large and diversified food court which caters to the in-house office crowd and the numerous visitors who come every day.
This business features a low overhead and is a perfect enterprise for an owner seeking an easy-to-manage food business.
In addition, this business is perfect for someone who would like to start with a modest-size enterprise, with good growth potential.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
HISTORY: The present owners started this franchised business 4½ years ago. The cost to build it out was about $250,000.
COMPETITION: There is not another business of this type in this food court. As in most food courts, only one of each food concept is available.
OPERATIONS: This is an easy operation that requires just one employee most of the time. The hours of operation are:
7 a.m. to 7 p.m. Monday – Friday;
11 a.m. to 6 p.m. Saturday;
8 a.m. to 5 p.m. on Sundays (March 1st to August 31st only).
FACILITIES AND LEASE: This food court offers a seating capacity of more than 1,000 and has wireless Internet throughout. Monthly base rent is $2,700 plus CAM and real estate taxes, for a total of approximately $3,800 per month. Currently, there are 5½ years left on the lease. The landlord will consider a longer-term lease for qualified buyers.
EMPLOYEES AND PAYROLL: There are currently two part-time employees. Total payroll is $1,500 per month. One owner spends about 32 hours weekly and the other owner only goes in a couple of times a week to take inventory and other occasional tasks.
HISTORICAL OPERATING RESULTS: The owners take home about $3,000 to $4,000 monthly (together) after all expenses.
REASONS FOR THE SALE OF THE BUSINESS: The owners have decided to sell because the managing partner is moving to another state, and the other partner has another business to attend to.
THE TRANSACTION: Owners invested over $250,000 in building this business and are asking for $35,000. Price is firm.
Market Competition and Expansion:
There is not another business of this kind in the food court.
Reason for Selling:
One of the owners is moving out of State
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.