NOT DISCLOSED, California
| Asking Price |
$1,490,000 |
Year Established |
2016 |
|
| Annual Revenue |
$1,400,000 |
Reason for Selling |
The reason the Seller is selling is due to health reasons. |
|
| Annual P/L |
|
Attention |
Brett Sargent |
|
| Annual Cash Flow |
$450,000 |
Listing Number |
1009065 |
|
| # of Employees |
1 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This Californian Mediterranean Franchisor has two California S Corporations (one for the Franchisor and one for the franchise location going with the sale) and was started 10 years ago by the current owners and founder. Serving a wide variety of Mediterranean-based foods and a fast casual dining experience, this successful Franchisor has 20 franchise locations, including the one that is owned by the Franchisor. Systems, processes, procedures, workflows, supply chains…everything is set up and ready to go for further Franchise expansion in California and potentially outside of California as well. Fresh, flavorful, and made to satisfy, every bowl, wrap, and platter is stacked just how the customer wants it. Franchisees are located in high-traffic areas or at popular venues. Places like college campuses, stadiums, airports, or any event center that draws large crowds. As a franchisor, there are revenue streams of franchise fees, franchise renewal fees, franchise transfer fees, and royalty fees.
Property Features and Assets:
The franchise location coming with the business operates out of 1,200 square feet with a monthly rent of $2,900 and monthly CAM charges of $1,500. There is approximately 4 years left on the lease and it is assignable.
Market Competition and Expansion:
The North American fast-casual Mediterranean restaurant market is experiencing high growth, driven by consumer demand for healthy, customizable, and fresh dining options. Valued as part of a growing $92.4 Billion healthy fast-casual sector, this market is rapidly expanding, with North America holding a 38.2% global market share, largely driven by millennials and busy professionals.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is a franchise resale opportunity