Newk’s Eatery Franchise Group-3 Units

Atlanta, GA
Fulton County


Asking Price: Annual Revenue:
$3,400,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Newk’s Eatery Franchise Group-3 Units Broker: Steve Josovitz
License #: 164878

Quick Facts

Asking Price: $3,400,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: GA
Year Established: 2011
Employees: Not Disclosed
BBN Listing #: 272029193
Broker Reference #: 3041

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Business Overview:

Newk’s Eatery Franchise Group for Sale – Three Unit Metro Atlanta Package – $9M Sales – Profitable – Great Books & Records

Newk’s Eatery Atlanta for Sale.

Three-Units for sale. Not sold individually.

Profitable.

No expenses spared on the state of the art build out and design.

Full Management and Staff in place for seamless transition.

Newks is Regional chain offering a menu of salads, pizzas & sandwiches in a casual setting.

Million Dollar build-outs.

Purchase includes territorial rights to open two additional units with half of the franchise fees paid already.

UNIT ONE:
5,000/sf end-cap located in nationally anchored lifestyle center.

Established November 2011.

Opening costs $1,100,000.

2016 Gross Sales $2,917,801
2016 Net Profit $430,960
2017 Gross Sales $3,318,344
2017 Net Profit $455,514
2018 Gross Sales $3,394,814
2018 Net Profit $357,910 was lower than in 2017 due to Management Training Salaries for the new unit.
2018 personal add-backs for all three-units combined totaled $200,000.
2019 Gross Sales $3,532,810
2019 Net Profit $535,765

Management salaries: GM $55,000, AGM $50,000, Assistant Manager $42,000 plus all are on a bonus program.
Staff: 12-FOH with an average rate of $9.00/hr. and Kitchen Staff of 20 at approximately $11.00/hr.

Royalties are 6.5% including Marketing Fees.

Franchise Transfer Fees are $20,000 per unit.

UNIT TWO:
4,500/sf freestanding restaurant located in nationally anchored center.

Established December 2016.

Opening costs $1,170,000.

2017 Gross Sales $3,036,251
2017 Net Profit $291,127
2018 Gross Sales $3,332,774
2018 Net Profit $228,802
2018 Net Profit was lower than in 2017 due to Management Training Salaries for the new unit.
2018 personal add-backs for all three-units combined totaled $200,000.
2019 Gross Sales $3,361,788
2019 Net Profit $403,389

Management salaries: GM $50,000, AGM $42,000, Assistant Manager $40,000 plus all are on a bonus program plus two-hourly shift Supervisors at $15.00/hr.
Staff: 15-FOH and Kitchen Staff of 20 at approximately $11.00/hr-$13.00/hr.

Royalties are 6.5% including Marketing Fees.

Franchise Transfer Fees are $20,000 per unit.

UNIT THREE:
3,400/sf end-cap located in a nationally anchored center.
Walk-in box located on the exterior.

Established December 2018.

Opening costs $1,300,000

2019 Gross Sales $2,091,817
2019 Net Profit $61,388 (First Full-Year Opened)

Management salaries: GM $55,000, AGM $45,000, Assistant Manager $40,000 plus all are on a bonus program.
Staff: 12-FOH and Kitchen Staff of 20 at approximately $9.00/hr-$11.00/hr.

Royalties are 6.5% including Marketing Fees.

Franchise Transfer Fees are $20,000 per unit.

Pricing at $3,400,000 for all three-units.

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.

Property Features and Assets:

UNIT ONE: 5,000/sf end-cap located in nationally anchored lifestyle center. Established November 2011. Opening costs $1,100,000. 2016 Gross Sales $2,917,801 2016 Net Profit $430,960 2017 Gross Sales $3,318,344 2017 Net Profit $455,514 2018 Gross Sales $3,394,814 2018 Net Profit $357,910 was lower than in 2017 due to Management Training Salaries for the new unit. 2018 personal add-backs for all three-units combined totaled $200,000. 2019 Gross Sales $3,532,810 2019 Net Profit $535,765 Management salaries: GM $55,000, AGM $50,000, Assistant Manager $42,000 plus all are on a bonus program. Staff: 12-FOH with an average rate of $9.00/hr. and Kitchen Staff of 20 at approximately $11.00/hr. Royalties are 6.5% including Marketing Fees. Franchise Transfer Fees are $20,000 per unit. UNIT TWO: 4,500/sf freestanding restaurant located in nationally anchored center. Established December 2016. Opening costs $1,170,000. 2017 Gross Sales $3,036,251 2017 Net Profit $291,127 2018 Gross Sales $3,332,774 2018 Net Profit $228,802 2018 Net Profit was lower than in 2017 due to Management Training Salaries for the new unit. 2018 personal add-backs for all three-units combined totaled $200,000. 2019 Gross Sales $3,361,788 2019 Net Profit $403,389 Management salaries: GM $50,000, AGM $42,000, Assistant Manager $40,000 plus all are on a bonus program plus two-hourly shift Supervisors at $15.00/hr. Staff: 15-FOH and Kitchen Staff of 20 at approximately $11.00/hr-$13.00/hr. Royalties are 6.5% including Marketing Fees. Franchise Transfer Fees are $20,000 per unit. UNIT THREE: 3,400/sf end-cap located in a nationally anchored center. Walk-in box located on the exterior. Established December 2018. Opening costs $1,300,000 2019 Gross Sales $2,091,817 2019 Net Profit $61,388 (First Full-Year Opened) Management salaries: GM $55,000, AGM $45,000, Assistant Manager $40,000 plus all are on a bonus program. Staff: 12-FOH and Kitchen Staff of 20 at approximately $9.00/hr-$11.00/hr. Royalties are 6.5% including Marketing Fees. Franchise Transfer Fees are $20,000 per unit.

Market Competition and Expansion:

Ask business broker for details.

Reason for Selling:

Other Business Interests

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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