Two Unit Schlotzky's Deli and Cinnabon Franchise

Colorado Springs, CO
El Paso County


Asking Price: Annual Revenue:
$399,000 $2,115,965

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Two Unit Schlotzky's Deli and Cinnabon Franchise Broker: Bob Steinberger

Quick Facts

Asking Price: $399,000
Annual Revenue: $2,115,965
Net Profit: $126,002
Cash Flow: $126,002
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2000
Employees: 28
BBN Listing #: 71428096
Broker Reference #: 7389

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Business Overview:

Franchise for Sale! Schlotzsky's Deli & Cinnabon TWO locations for sale in Colorado Springs. Both locations feature excellent sales and profits! Looking for a pandemic fire sale? Keep looking as this is NOT the deal for you! This is one of those 1 in 20 cases where the business has actually BENEFITED FROM THE CURRENT CRISIS!! That's right! Due to their business model that stresses take out and delivery, sales and profits are actually at all time highs! Based out of Austin, Texas and founded in 1971, this Franchise for Sale is a Schlotzsky's Cafe and Bakery has over 350 locations nationwide. Serving breakfast, lunch and dinner they offer a variety of soups, salads, pasta, baked goods and sandwiches. These franchises offers strong marketing, operational, training and supply chain support. It truly is a chance to ''Be in business for yourself, without being is business by yourself"! Location #1 is located on the north side of Colorado Springs. It is a free standing 2700 square foot building with it's own parking lot and drive through. The location of this franchise for sale has excellent signage, visibility and access. It features an electronic sign capable of changing the message. It seats about 50 inside and has a very nice patio that seats an additional 20. Building is in excellent condition and has parking for about 30 vehicles. We Sell Restaurants is offering this opportunity where the rent is $8300 per month and there is more than 8 years left on the lease. Sales are $1,206,000 and cash flow of over $100,000. Location #2 is centrally located on one of the busiest streets in Colorado Springs. It is a 1800 square foot end cap on a strip center with good visibility, access and signage. This franchise for sale also seats about 50 inside and has an additional 3 tables and 6 seats outside. Rent is $3800 per month. There is 3.5 years left on the lease with a 5 year option. Sales are $910,000 and cash flow is about $60,000. Both locations are very well maintained and brightly decorated. The staff is well trained and very loyal. Both franchise for sale locations have POS systems with remote printers and electronic menu boards. The fully equipped commercial kitchens have all the necessary equipment to execute the brand and menu including ovens, Both have hood systems and grease traps, walk-in coolers, slicers, ice machines and turbo ovens. They also have convection ovens and proofers as bread is made in house. All the equipment is owned, not leased and part of the sale. According to the Schlotzsky's website the development cost for a new restaurant can run as high as $1,000,000 PER RESTAURANT! Then, you have no idea if the location will be profitable or not. Here is a chance to get a franchise for sale with TWO locations for much less than half of that and you have a proven history of financial success. The current owner has successfully operated these units as a franchisee since 2000 and is looking to retire. These businesses should qualify for SBA lending with 20% down. In addition the Seller will consider financing a qualified Buyer with 50% down saving the Buyer thousands in lending fees. Good books are available. When trying to find a franchise for sale it would be hard to find a better place to live, Colorado Springs is regularly voted one of the best places to live in the US. Located at the foot of the front range it is vibrate and growing. Home to the United States Air Force Academy and the United State Olympic headquarters and has a fast growing economy supported by the tech and military industries. Colorado Springs has over 300 days of sunshine a year and is one of the fastest growing cities in the US. We Sell Restaurants loves this deal!

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Property Features and Assets:

North Location 60 chair 8 2 top tables 11 4 top tables 10 bar stools drink counter pick up counter cookie display POS system electronic menu board Cinnabon display Lang Cinnabon oven 5 patio tables 20 patio chairs Outside electronic sign deli case chip counter remote printer 3 soup warmers walk in cooler ice machine 3 door freezer sandwich oven turbo chef conveyor pizza oven SS 3 compartment sink 2 prep tables slicer sandwich prep cooler Veg sink 2 hand sinks various utensils ice machine proofer bun cooling rack convection oven POS server security system sound system South Location 10 2 top tables 5 4 top tables 10 barstools 40 chairs Cinnabon display case menu board POS system 2 sandwich prep coolers Dbl conveyor oven Bread rack 2 hot wells microwave walk in cooler 2 2 door reach ins slicer ice machine SS prep table 2 door reach in freezer computer printer flat screen tv SS shelving music system security and camera system mixer proofer convection oven bread rack Cinnabon oven misc food utensils 3 compartment sink 3 hand sinks

Market Competition and Expansion:

Established brand. Both location have high visibility, good signage, parking and access. Good online reputation and strong franchise support.

Reason for Selling:

Retiring

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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