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Saladworks Franchise For Sale

Northampton County, Pennsylvania, United States
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Asking Price$275,000
Revenue$597,117 Established2010
Cash Flow$100,000 Employees5 full-time
FF&E$170,000* FranchiseYes
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
National Fast Food Franchise restaurant six-years-new with a gross income of $597,117 and a consistent net yearly income of $100,000. The Saladworks concept was developed in 1986 when the first store was opened in Cherry Hill Mall, Cherry Hill, NJ with the idea of providing fresh, made-to-order, entrée-sized salads as an alternative food offering for consumers on the go. Saladworks provided a meal that was healthy, quickly accessible and delicious. Saladworks continually won over new fans with its fresh take on salads. The new hot concept meant an end to the days of chemical-coated tomatoes and brown-tinged lettuce. Salads were made to order, chopped on-location and assembled right in front of your eyes. Appetizing, imaginative salad offerings –served in substantial portions– proved to be a winning formula that took salads from a side dish to the center of the plate. Saladworks grew locally and as the company experienced incredible consumer response, it became obvious that America was ready for a nationwide salad explosion. With the first franchise unit, Saladworks began its rapid ascent towards becoming the nation’s #1 salad franchise. Saladworks has continued to reach successful milestones. In 2013, the first of many international locations opened as Saladworks embarked upon creating fans on foreign soil in areas such as Singapore, The United Arab Emirates and Kuwait. Saladworks is, more than ever, prepared to deliver the ultimate in health-conscious, fan-driven dining. With its trailblazing leadership and sensational, fresh salads, Saladworks’ future as the nation’s #1 salad franchise is a bright one. They believe a salad is only as good as where it comes from and that’s why they source the best growers for bigger taste. They chop fresh all day, every day, from their kale to carrots to quinoa, there promise is as fresh as it gets. At Saladworks, this is where it all began, over thirty years ago. Making salads for the people, because there’s nothing trendy about fresh and there are no rules governing salad. There is no pre-defined right or wrong when it comes to what goes into the bowl. A salad can be whatever you want it to be. That's a level of freedom few foods offer. That's what makes Saladworks America's Favorite Salad. The business assets have an estimated value of approximately $325,000 based on replacement cost. The sale consists of a fully equipped fast food franchise Restaurant which includes a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has five full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $10,300. The business has an assignable commercial lease which expires 2020-01-01 plus additional options, with a gross monthly rent of $7,300, cost per square feet is $33.69 and rent security $10,000. The business is located in a commercial mall which consists of 2,600 square feet and has a capacity for approximately sixty-five customers. The facility has appropriate private mall parking on site as part of the commercial lease. The company is active seven days per week, with hours from 11:00 am to 7:00 pm. The sale includes a certificate of occupancy and food license from the particular municipality and any required state or city licenses to conduct its day to day business. The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is $597,117 and the business has a yearly net income of $100,000 based on an onsite owner operator and prior to debt service. The business has been valued at $275,000, based on a multiple of the average net yearly income which includes the value of the specific business assets and franchise approval. Seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. The company pays an 8% royalty fee and the franchise transfer fee is $17,500. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This successful franchise business is located in the Northampton County Pennsylvania, just off the interstate highway. The business is in a highly active commercial mall with various successful businesses which attract a great deal of daily shoppers. This retail facility which consist of 2,600 square feet has a clean modern attractive appearance and is located in an active commercial mid-size mall with various other active and successful businesses.
Competition:The franchise offers a non-compete distance for any new locations and the seller has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a basic marketing plan and web site and if further improved can develop the business bottom line net income. Also this restaurant is located next to an interstate highway and if highway signage was added can further improve the yearly gross income.
Training/Support:The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The sale is due to a health condition of the present owner.
Ad #88598
Seller Reference #REST470
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Ron Cervelli
Regal Consulting Corp.
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