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Asking Price$110,000
Revenue$385,000 Established2011
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Opportunity for hands on owner to improve an already profitable, well known, restaurant franchise. Current owner has not worked in the location since it first opened in 2011. This store was built brand new and requires nothing but your effort and focus.
Facilities:- Existing staff and manager in place. - Significant opportunity to market to the local schools, hospital, and local businesses. - Full training program provided by Franchise, seller will assist with transition. The minimum equity expectation for a buyer is $35,000. Subject to Franchise approval. These funds will secure your down payment on the business, your franchise fee, inventory, and closing costs. Reason for selling is out of country working commitments. Financial Information : Sales in the past 6 months have picked up very nicely with a new marketing strategy being undertaken by the Franchise. Anticipated revenues over coming 12 months = $385,000 Most recent 28 weeks = $199,000 Most recent 52 weeks = $362,000 Seller's Discretionary Earning = $50,000 - $70,000 Through discussions with the Franchise, we believe there is an opportunity for the right buyer to acquire the franchise at a reduced fee and also secure a 0% royalty for a period of time to assist with a transition. Total savings could amount to $20,000. Inventory is in addition to asking price and will be counted at closing. Approximate amount is $5k. Real Estate / Lease : Approximately 1400 square feet. Current lease expires November 30th, 2015 with 5 year renewal option. $16/sft + $6.57 CAM
Sale Reason:Out of country working commitments
Ad #58971
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Contact This Seller
Tim Blais, BBA, CMEA
Gateway Business Brokers
1-902-441-9589
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