Franchise Restaurant
Miami-Dade County, Florida
| Asking Price: |
Gross: |
Cash Flow: |
| $450,000 |
$1,344,672 |
$245,528 |
Furniture and Fixtures Value:
$100,000 (included in the asking price)
Inventory Value:
$15,000 (included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
Well known iconic franchise with more than 30 locations in South Florida. Fast casual restaurant brand known for its legendary cheesesteak, wings, gyros and burgers. This restaurant has been established for 13 years. Stand alone building with 10 years remaining on the lease with favorable conditions. Fully staffed restaurant with owner dedicating only 10 hours a week, easy to run. Growth opportunity by serving breakfast and opening 24 hours. Breakdown of sales: 65% delivery, 20% drive through and 15% dine in. Royalty is 6% plus 3% advertising. Owner is absentee, full staff in place. Numbers assume that the owner works in the business as one of the managers, the salary for one of the managers is added back ($60k).
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| Year
Business was Established: 2013 |
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| Number of Employees:
14 PT |
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| Facilities / Terms of Lease:
Stand alone building with 10 years remaining on the lease. |
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| Potential
Growth/Expansion:
The business can grow by incorporating breakfast and opening longer hours. It could open 24x7 as other franchisees do. |
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| Competition:
This chain is well known for their: cheesesteak, wings, gyros and burgers. There are other options to get these products however the brand name of this franchise attracts people to these restaurants. |
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| Owner
willing to finance:
$315K down/$135K over 24 mos. @ 6%. |
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| Owner
willing to train:
Will train for 1 week @ $0 cost. |
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| Reason for selling:
Moving out of state. |
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| REQUEST MORE INFO |
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