3 Location Franchise Soup and Salad Bar - 000607

Not Disclosed, TX
Dallas County

Dallas and Santa Fe

Asking Price: Annual Revenue:
$507,000 $2,192,768

Food & Beverage: Restaurants, Fast Food, Deli

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RE: 3 Location Franchise Soup and Salad Bar - 000607 Broker: Moon Kim
License #: 567204

Quick Facts

Asking Price: $507,000
Annual Revenue: $2,192,768
Net Profit: Not Disclosed
Cash Flow: $213,935
Total Debt: Not Disclosed
FF&E: $225,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 16
BBN Listing #: 119319188
Broker Reference #: 000607

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Business Overview:

Prime 3-location nationwide soup & salad buffet franchise with recent renovation and facility improvement is available for acquisition. The main location was originally established almost two decades ago in 1999 and was later acquired in 2013 by the current owner of the business. The second location was established in 2013 and the third was established in 1993 with acquisition in 2013 by the owner of the business. Most of the customers in all locations are middle-class individuals and senior citizens from the surrounding densely populated residential neighborhoods as well as numerous retail businesses that bring immense foot traffic. Net sales average was $2,230,000/year for all combined locations that has been consistent throughout the last several years of operation due to constant corporate marketing that is done nationwide and word of mouth within the corresponding areas of each location. Although corporate marketing has provided ample amount of marketing nationwide, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers in the local untapped areas. Competition is expected for any buffet-type businesses, but these businesses are the only buffet that provides healthy menu items while other competitors are known for typical Chinese buffet items that is high in calorie as well as unhealthy. There are many ways to proactively market these franchise businesses such as direct mailing, family bundles, add more menu items, social media outlets and catering services. Owner involvement will provide an instant increase in sales as a full-time owner-operator will cut payroll expenses on having additional managers in place and effectively increasing the cash flow. Various menu items are provided at each franchise buffet location that can range from salads, bread, fruits, pizza, baked potatoes, pasta, soups and desserts. The 3-location franchise buffets are in perfect condition for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations of all locations.

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Property Features and Assets:

The main location is 4,500 SF, the second location 4,245 SF and the third location 3,837 SF that are all in retail strip centers surrounded by many retail businesses. All equipment is each location is in impeccable condition and in working order. / Inventory: $13,000 (Included in listed price).

Market Competition and Expansion:

Competition: Some competitors are within the immediate market area of each location, but all other competitors provide different menu item selections that are mostly all unhealthy while these businesses provides more options for healthy items at a reasonable price point. / Growth and Expansion: Corporate marketing is in place that brings constant customer traffic to all locations, but other marketing methods needs to be utilized to generate much more cash flow and acquire more customers in untapped regions of each corresponding location.

Reason for Selling:

Currently run absentee, want to retire.

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.

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