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Franchise Restaurant - Prime University Location
Location: United States -> Virginia -> Harrisonburg
Industry: Food and Beverage > Other Food and Beverage




Business Summary

Popular franchised sandwich restaurant located in a high profile shopping center, with heavy foot traffic due to its prime location adjacent to University of 20,000+ students. Turn key Restaurant has great reputation and tremendous upside for owner/operator. Current owner is absentee. Year one Adj Revenue = $204,000; Year two Proj. Adj. Revenue = $245,000. Asking Price = $249k.

Physical Property:
Newly built in November 2010
1500 sq. feet
All food equipment in good working condition; inspected regularly
Low Rent/Lease for location
Low Franchise fees
Transferable Franchisee license at no additional cost to buyer

Opportunities for revenue growth and improve bottom line as viewed by Franchisor:
*Owner/operator absorb manager salary + hourly wages = approx. $20 - 30k
*Absentee owner unable to keep eye on business; High Cost of Goods
*Increase marketing to promote restaurant to new hospital, university, mall, and local businesseses
*Untapped catering business = approx. $25k - $50k
*Untapped Delivery business = approx. $30k- $40k
*Source and utilize local Chamber of Commerce
*Add lit exterior signage to improve store visibility


Financials

Asking Price Range:  < $250K
Gross Revenues:   $245,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Inventory:  $194,000
Seller Financing:  No

About The Business

Year Established:  2010
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Provided by corporate office for free
Reason For Selling:  Absentee owner




Print Listing Id: 700187621
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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 > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers



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