Seller's Contact Information
- RE: Name Brand Fast-food Franchise At Same Location
- Contact: Jesson Wajdowicz
Quick Facts
| Asking Price: | $850,000 | |
| Annual Revenue: | $1,311,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $357,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 14 | |
| BBN Listing #: | 459556818 | |
| Broker Reference #: | 16754-420256 |
Business Overview:
This popular fast-food spot has been the staple of Its Community for over half a century. The current owner is only the 3rd owner of this location over 57 years. And after 34 years, he is ready to retire.
This Franchise has the claim to fame of being the first fast-food restaurant in California. This specific location has special, grandfathered in, terms with the Franchisor which allows for much higher profit margins than 98% of all other Franchisees in the Country. All other Franchisees pay a royalty of 7% of the Gross sales. Due to this location having an agreement with the Franchisor going back 57 years, they are essentially paying approximately 1.25%. And YES, the agreement will continue forward with the new owner.
About 17 years ago, the owner purchased the parcel next to this property, and put in a very large drive thru to facilitate many more cars, without having them back up into the busy street. As well, the Seller installed multiple cold storage units on the property to hold more goods than the facility would generally be able to fit. Giving him the ability to order in larger volume and at better bulk pricing. He has truly thought of everything.
This location has been the hangout spot for the local community for decades. And is also just a couple blocks from the city’s public high school, which creates a high level of traffic after school each day.
In the past couple of years, the Seller has reinvested heavily into new equipment throughout the whole facility. Additionally, the Seller has recently given the dining area a beautiful face lift. This location is elegant, and turn key.
Just imagine what you could do with this historic and highly profitable fast-food Franchise. This listing will not be on the market long.
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Reason for Selling:
retiring
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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