Owner Financing is Available!
Business Overview:
The owner of these three nationally known franchise restaurants desires to sell in order to move his family to Kentucky, where he is currently working, while his wife continues to be the general manager at the shoppes back home. Located in attractive strip malls, and averaging 1,650 square feet, the Seller has owned these three Midwest Michigan locations since 2002, 2005 and 2008, respectively. Each shop is run with an exceptionally well-trained, part time staff of 8 and seats approximately 40. They all have ample parking and also offer delivery.
Each location enjoys a very favorable lease, at 10% or less of sales, with options for renewal. Originally outfitted with approximately $100K in equipment, a new owner would have the security of knowing little maintenance would be required.
Although sales have been affected by the recent downturn in the economy and the Franchisor’s reestablishing their price points, the Seller has worked on keeping his margins steady. Cash flow was up in two of the three locations in 2009. A very realistic selling price has been established for these sub shops at 32%, 38% and 47% of average three year sales.
A prospective Buyer has the opportunity to buy one, two, three or any combination of these locations.
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:
1,650 sq. ft. building
Reason for Selling:
Family Relocation
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.