||Employees||1 full, 1 part
* Included in Asking Price
The said listing is to solicit a buyer for a fast food franchise management company. The business being sold, is simply the management company that supports 14 franchised locations to date, which includes 1 corporate owned location. Aside from the residual income, the current owner will supply all intangibles as well, (most notably 400+ menu recipes). Long Term investment and revenue growth is positively correlated with selling franchise rights, and supporting stores to help grow their income and profitability.
This franchise management company was established in 2007 and boasts a proven track record of success. The current growth strategy focuses on opening between 6-8 new locations per year. Each of the existing locations generates at minimum $250,000 in annual gross revenues. Currently located in SC, but can be run from anywhere within the United States.
Management Company Responsibilities:
Solicit new franchisees to open locations across the United States.
New franchisees will generate $25,000 in franchise fee income.
Provide support, direction and hands on support for new locations.
Support new and existing locations with menu creation, site selection, equipment and food acquisition, as well as employee generation / retention, and adherence to franchise standards, helping to create uniformity amongst all franchised stores.
Review annual financial statements of all stores, and collect royalties and advertising fees based on gross sales per location on an annual basis.
Coordinate and manage advertising at a nationwide and local level.
Administer network support with regard to phone systems, and online advertising.
Current owner will provide one on one training for a short period of time, and help to assist in a smooth transition.
Serious inquires only! Potential buyers may be subject to background checks, and financial verification to support the said transaction. A non-disclosure agreement is non-negotiable and will need to be signed prior to the release of any additional information.
|Facilities:||Standard Office Equipment|
|Competition:||Other Franchised Quick Service Restaurants|
Revenues positively correlated to increased number of locations.|
|Training/Support:||Current owner will provide one on one training for a short period of time, and help to assist in a smooth transition.|
|Seller Financing:||Possibly - Not Preferred|
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