Business Overview:
This fast casual franchise restaurant is in a rapidly growing area in North Austin. Opened just one year ago, the owner's personal circumstances have forced its temporary closure. The store is located in a new strip mall on a major street with phenomenal traffic counts. It also has the advantage of being the end-cap, giving it exceptional visibility for passing motorists. Popular for lunch and dinner, the shop has averaged over $37k/month in revenue and that's just its first year! The monthly lease is currently $5,547, but the landlord has indicated that he can be flexible in order to get the store reopened quickly.
The restaurant does not currently offer beer or wine but these are allowed by the Franchisor. The new owner would need to do is get their TABC permit for alcohol sales. Hours of operation are currently 11am - 9pm. There is a breakfast menu available if the new owner wishes to open for additional customers.
The Franchisor is looking for someone who can step in and take over operations immediately. Buyers' personal net worth must exceed $100,000. The Franchisor provides in depth training at its Texas headquarters. Full details on this opportunity are available from the Franchisor.
This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.
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:
2,080 sq. ft. building
Reason for Selling:
Other Interests
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.