* Included in Asking Price
Be the largest franchisee in an emerging brand owning a profitable chain of six (6) deli-style fast casual restaurants offering specialty & build-your-own sandwiches, salads, wraps & breakfast burritos, as well as catering. With a unique, chef-inspired menu and a concept reflective of the region that inspired it, the future of the existing stores and potential for growth in new locations is unlimited. Included in the sale is a franchise coffee shop, bringing the total number of stores included in the offering to seven (6 deli, 1 coffee shop).Site selection has been carefully researched in each existing market to maximize sales and profitability. Each location operates under the guidance of a general manager. A regional manager oversees corporate operations. There is an accounting team in place that handles all bill pay, financial reporting and payroll. They have the ability to stay on board for a truly turn-key purchase, or are ready to fully assist in the transition if necessary. All locations have an existing lease with favorable terms and renewal options in place.The franchise launched in 2003 and has grown to fifteen locations in middle-America: Colorado, Montana, North Dakota, South Dakota, Texas, Wisconsin, and Wyoming. A new corporate franchisor with an extensive history of success in growing franchise brands acquired the brand in late 2016. By 2020, the franchise plans to have more than 100 delis throughout the United States.
Required Licenses: Food Service
|Competition:||This ownership group sets itself apart from the competition with locations near high-end commercial and residential complexes. They have catered to the buying & paying habits of 21st Century consumers by being â€œfirst in the marketâ€ with on-line and mobile ordering, card-less rewards programs, and healthy-choice menu options.
This ownership group sets itself apart from the competition with locations near high-end commercial and residential complexes. They have catered to the buying & paying habits of 21st Century consumers by being â€œfirst in the marketâ€ with on-line and mobile ordering, card-less rewards programs, and healthy-choice menu options.|
|Growth Potential:||The ownership group is the largest franchisee in the system. As such, new owners will carry significant influence with the Franchisor creating unlimited opportunities for expansion in the Dakotas, Minnesota, Wisconsin, and Montana. The geographic boundaries within this franchise are not restricted as they commonly are with more established brands. The Franchisorâ€™s desire for, and historic record of building brands into 100â€™s of locations will play nicely into the new ownerâ€™s expansion plans. Identified desirable markets for immediate expansion are Bismarck (ND), and Minneapolis (MN), as well as all of greater Minnesota.
Growth opportunities in current locations center around expansion of catering services, particularly in the smaller markets. Q3/Q4 catering sales increased $61,000 from 2016 to 2017, a nearly 50% increase. The last price increase in the established locations was in December of 2015 leaving the door open for another modest price increase in the near future. The franchised coffee shop has the option for development rights for additional locations that could be developed and co-located with the deli concept if desired. A targeted, unified approach must be implemented to focus efforts in traditional marketing, an area identified as currently underdeveloped by the existing ownership group.|
|Training/Support:||Comprehensive training provided by Franchisor. Current ownership group is willing to stay onboard for a contracted period to assist in the transition.|
|Seller Financing:||Leases on all locations are favorable, current, and locked in long-term. Operations management is|
|Sale Reason:||The current ownership group had the intention from the start of building their locations to a medium|
Seller Reference #NORTHDK001-N39
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