Well Established Franchise Restaurant
Location:
United States
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California
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Southern California - San Diego Area
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San Diego
Industry: Food and Beverage > Other Food and Beverage
Business Summary
This recently built-out franchise restaurant with the likely ability to serve beer and wine occupies prime real estate in a popular Chula Vista mall. As these difficult to obtain locations are rarely available to the public, this opportunity allows a buyer to own a high traffic food court location without the hassle and enormous buildout and permit administration process and expense. A new owner may continue to operate under the existing concept, which has proven quite successful within Southern California, or implement their own concept (upon approval by the landlord).
Asking Price $350,000.
The restaurant is located in a 900 square foot facility that leases for $7,500 or 15% of gross including CAM with a 2-year lease and 6-month option. The sale includes all of the furniture, fixtures and equipment of the business, as well as the franchise rights, inventory and goodwill.
As the business is located in a mall food court, competition naturally exists via the adjacent restaurants. This mall, however, has been successful in providing its vendors a consistently heavy shopper and employee traffic flow; it also provides tenants exclusivity rights preventing direct competition from similar concepts.
This business has many opportunities for growth. The addition of a beer and wine license (of which the CUP is nearly approved) should increase traffic, revenues, gross margin, and overall profits. A working owner will likely result in an improved customer service offering, increased productivity, and better operating efficiency. With the recent, yet versatile build-out, this location may potentially be converted to an alternate concept at a very low cost.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$350,000
Cash Flow:
$62,400
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 2008
Number of Employees: 10 - 19
Relocatable: No
Franchise: Yes
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 20 hours / week.
Reason For Selling: Other business ventures.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Other Food and Beverage business for sale.
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Print Listing Id: 70097881
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