Poke Restaurant - Franchise for sale

Not Disclosed, CA
Contra Costa County

Hwy. 680/24


Asking Price: Annual Revenue:
$350,000 $760,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Poke Restaurant - Franchise for sale Broker: John Irvine
License #: 00988287

Quick Facts

Asking Price: $350,000
Annual Revenue: $760,000
Net Profit: Not Disclosed
Cash Flow: $180,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 10
BBN Listing #: 648530396
Broker Reference #: Not Disclosed

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Business Overview:

Join the counter service restaurant where customers create their own version of poké bowls.

This newly open (franchise) restaurant did over $600,000. in gross sales the first year. Average monthly sales for 2019 have been $63K gross and $15K net per month – projecting end of year $760K gross and $180K net.

The current rent is only $5100. for approximately 1200 square feet premise.

The lease term expires in 2024 with increases of only around $165. per year. One, five-year option is offered.

The current staff consists of 4 full time and 6 part time employees with a monthly payroll around $10,000.

Open 7 days a week.

Current owner has committed to another brand-new build out closer to where he lives which is the reason for the sale.

This location is near the Hwy. 680/24 interchange, surrounded by many business and restaurants downtown.

The business will not qualify for an SBA loan (yet) as it has only 1 year of tax returns to date (2018).

For the name and address a non-disclosure/confidentiality agreement needs to be completed by each prospective buyer – available by request thru this web site before calling the listing agent please.

To see financials, we will need to see a personal financial summary from each prospective buyer.

DISCLAIMER: The information has been supplied to the Broker by Seller. Broker expressly disclaims any and all liability for representations of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes the information to be correct, but has not verified or checked it. Any agreement or decision by buyer to pursue a transaction regarding this business should be based on further investigation by the buyer.

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Property Features and Assets:

Franchisor reserves the right to provide a two (2) mile buffer between trade areas, Designated Territories and development areas to prevent any overlapping of areas. This restaurant is in a building shared with other retail tenants.

Reason for Selling:

Other business interests

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.

Documents:

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