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Business for Sale Overview:

This Deli Franchise is located in the Houston Metropolitan Area. Located in upscale shopping centers in the Houston area providing family atmosphere dining. Opportunity provides three existing locations with Development License rights for 2 additional stores. Business has four revenue streams: Gourmet Deli, Catering, Corporate Sales with large seasonal Holiday sales. The chain includes the franchise's #3 performing location with two addition stores. Seasonal business (Oct./Nov./Dec.) make up 60% of annual gross profits. These stores come with a developed and established catering program. Fo Opportunity for Growth - One store has been open since 1987 with the two additional locations opened in 2007. These two locations have not been open long enough to maximize the sales potential, although they are seeing a 20% growth in 2007. Each facility maintains the franchise branding. Menu provides home-style cooked meals at a reasonable price in a clean home-style dining environment. Motivated seller. The owner's other restaurant chain is requiring liquidation of this business. Owners are willing to assist the buyer in transition and franchise training and stay on as consultants for a period of time. Assets: $371,000; Annual Receipts: $1,262,000; Owner Finance: Depends on Buyer. Location #1: Open 1987; Lease Space: 2,800 Square Feet; Gross Monthly Lease: $6,558; Lease Expiration/Option: 10-31-16; Furniture, Fixtures, & Equipment: $67,000. Location #2: Open 9/07; Lease Space: 2,400 Square Feet; Lease Expiration/Option: 9-25-17; Furniture, Fixtures, & Equipment: $152,000. Location #3: Open 12/07; Lease Space: 3,150 Square Feet; Gross Monthly Lease: $7,437; Lease Expiration/Option: 12-16-27; Furniture, Fixtures, & Equipment: $152,000. Statistics for 2007: Employment: 25 Full Time / 23 Part Time; Average Sales/SF: $505; Working Owners: Passive Owners. Holiday Sales: $934,153; Royalties & Marketing: 4% & 4%; Gross Monthly Lease: $6,124; Gift Certificates: $163,885; Payroll/Month: $13,311. Average; In-store Sales: $266,051. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.

Property Features and Assets:

Three Locations.

Additional Details:

• 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 resale opportunity.
• This is not a distressed business or bankruptcy situation.