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Food Service, 2 Corporate Facilities, Profitable
Location: United States -> Tennessee -> Chattanooga
Industry: Food and Beverage > Other Food and Beverage




Business Summary

Listing Price: $374,993
Call 615-292-0636

A successful buyer will benefit from this established and impressively profitable business operating in two corporate facilities. Under the lease terms, this cafe is unusually profitable as it operates rent free with neither utility nor maintenance expenses. On top of that, a subsidy is paid every month to the business owner based on monthly revenues.

The buyer will enjoy an established staff and on-site cafe shift management at one or both locations providing day-to-day operational oversight. Pricing includes an Area Development Agreement to be transferred to the buyer thereby conveying the right and obligation to open or sell additional locations in Tennessee at a reduced franchisee fee and at a reduced royalty rate (the royalty rate reduction applies to the two existing locations). Pricing of this business also assumes that the buyer replaces the management position in one location. Should the buyer chose to retain both managers currently in place, Discretionary Earnings is reduced by $25,000 but the buyer is relieved of daily operation duties.

This is a franchise concept, so recipe research and operational training is provided by the franchisor. Nonetheless, the seller will assist during transition to transfer the existing relationships with facility management, suppliers, employees, and will also train for operational procedures.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $428,226
Cash Flow:   $188,434
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $6,400
Seller Financing:  Not Disclosed

About The Business

Year Established:  2009
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  This is a franchise concept, so recipe research and operational training is provided by the franchisor. Nonetheless, the seller will assist during transition to transfer the existing relationships with facility management, suppliers, employees, and will also train for operational procedures.
Reason For Selling:  Original owner sold to corporate executive who was not well suited for this business and asked that a new owner be found. Original owner has taken over but still lives in Florida, hence the search for new ownership.




Print Listing Id: 700205234
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Tennessee Businesses For Sale > Tennessee Franchises For Sale > Tennessee Business Brokers



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