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Quick Facts
Asking Price: | $599,000 | |
Annual Revenue: | $1,992,057 | |
Net Profit: | $57 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 150,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2006 | |
Employees: | Not Disclosed | |
BBN Listing #: | 645630812 | |
Broker Reference #: | Not Disclosed |
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Business Overview:
Two Fast Casual Franchise Restaurants Available. This franchise has over 500 locations in the USA. Seller lives out of the country and has operated these locations absentee for the past 4 years. Gross sales are projected to be $1.9MM based on October 31st financials. These locations successfully survived Covid and sales are up. This mainstream franchise is known for great food, easy operation and cuisine, and has lots of potential for a buyer who lives in the country and can spend even 10 hours a week extra on the business.
Seller in the past month updated management to spend more time on these businesses. Seller believes the staff update will improve profitability back to 2019 levels. A new owner could return to marketing the myriad of catering offerings which previously was a profitable income stream when the Seller used to personally operate the business many years ago. A new location would cost upwards of $750,000 to build out. Two great lease locations ready for a new owner to increase profitability. Strong teams are now in place. In 2019 pre-Covid, sales were over $2MM and net profit was $244,000 still operated absentee at that time.
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Property Features and Assets:
Two locations in Greater Orlando Area in busy plazas surrounded by commercial and residential and very accessible by major highways and thoroughfares.
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