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Quick Facts
Asking Price: | $99,000 | |
Annual Revenue: | $500,662 | |
Net Profit: | $9,859 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2004 | |
Employees: | Not Disclosed | |
BBN Listing #: | 935386 | |
Broker Reference #: | Not Disclosed |
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Business Overview:
Sellers are 100% absentee and employees run the show! Payroll is extremely high at $110,000 per year! Sellers cannot manage the store and are overpaying the payroll! Owner-Operator can reduce payroll significantly!
Food cost is also extremely high at 48%! Owner-Operator can lower the food cost to 33%, which is a savings of $75,000!
Yearly Sales are currently $500,000!
Business is currently only breaking even because the Sellers have an inflated payroll and food cost! Sellers are spread thin with many other businesses and cannot manage! Huge opportunity for an Owner-Operator to take over!
Base Rent is ONLY $1,750 NNN per month with the lease set to renew December 2024 with a 5 year option to renew!
Franchise transfer fee is $10,000.
Asking Price for Business-Only is $99,000 plus inventory! Inventory is roughly $5,000 at cost.
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Market Competition and Expansion:
Near to universities like Georgia State University Perimeter College with over 18,000 students, Georgia Military College, and DeKalb Early College Academy with 324 students.
6 miles from plants like DesignForge Inc, CMP Corporation, Georgia Case Co, TRILUX Lighting US Inc, Apparel Manufacturing Co. Inc, Toray Plastics America Inc, and Caster Warehouse Inc.
Surrounded by various apartment complexes like The Paxton, Grove Parkview Apartments, Tucker Square Apartment Homes, Willow Lake Apartments, East Ponce Village, and The Park at East Ponce Apartments.
6 miles from the development of the public-private project including more than 260 luxury apartments, a gaming hall, a public-private parking deck with around 700 spaces, and a new townhouse community with 47 units.
10 miles from a $100 million, 354-unit residential development with 90 industrial-style loft units, 200 flat-style units, and 64 townhomes. 4 miles from a new subdivision development with 145 homes.
Reason for Selling:
Sellers are having partnership issues and none are able to operate the store.
Additional Details:
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