Owner Financing is Available!
Business Overview:
Established franchise operation located in an upscale center. This is a unique business in the sense that about 70% of the annual business in generated in November, December and January. The restaurant has a full kitchen and large walk-in refrigerators and freezers. The restaurant serves lunches, prepared meals to go and refrigerated items, but the primary products are the honey glazed spiral cut hams and smoked turkeys. The hams and turkeys are sold primarily during the holiday season. Promoting catering, prepared meals to go and pursing commercial accounts during the holiday season is necessary to make this a successful and profitable business. Sales in 2009 were $829,000 and in 2010 were $520,000. Sales for 2011 are anticipated to be about $650,000. The reason is that the new current owner purchased the business as an absentee investment and relied on counter sales. This business must have an owner/operator who will pursue catering and commercial accounts.
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:
Upscale and prestigious shopping area. Facilities: 2,800 approx. sf restaurant, comfortably seats 48 . Monthly Rent: $7,000 + CAM - $1.450 per quarter- Lease Expires: 2012. Landlord willing to issue new lease. Hours of Operation: Monday - Saturday: 10:00 am to 6:00 pm. Franchise Requirements: Initial Franchise Transfer Fee = $25,000 + 4% Royalty + 4% Advertising.
Market Competition and Expansion:
Competition: This business enjoys an excellent reputation for high quality food and can compete with and surpass others in the same category.
Growth/Expansion: A new hands-on owner/operator could significantly increase the revenue by pursuing catering and commercial accounts.
Reason for Selling:
Seller is moving to Chicago.
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.