* Included in Asking Price
Desirable Franchise, Owner Operator, $620k Gross Sales, $98k Cash Flow, Low Rent
Asking Price: $125,000
Location: Alameda County, Alameda County, California
Yearly Revenue: $618,000
Yearly Cash Flow: $98,400
Monthly Rent: 5,875 all inclusive
As of 5/1/18, the rent will be $5300 with NNN which is $700 less. This profitable franchise is a proven concept that earns a consistent profit from steady sales revenues. Guests are greeted by an upbeat and family friendly dining area, with a long service counter for menu ordering and pick up, and a clear view into the working line kitchen and food prep area. There is cashier’s POS terminal, a self serve beverage display case, soft serve ice cream and a soda with ice dispenser unit. The line kitchen has a large 11’ type 1 hood, two double fryers, 6- burner range with oven, heated hot food holding cabinet, two 2-door smokers, soup warmers, and a conveyor toaster. There is also a 3-door tap fridge with 4 taps, a 2-door sandwich prep fridge, single door under counter fridge, and multiple stainless food prep tables. The rear food prep and storage area includes a walk-in cooler and a walk-in freezer, large 3- compartment sink, single prep sink, fryer oil filtration unit, multiple wire rack shelving units for dry goods and equipment storage, stainless CO2 tank unit, employee lockers and mop sink. There is also a storage area for take-out containers, paper products, soda mixes and catering equipment. A comfortable, spacious area is dedicated as an office, for computers, fax machine, printer and a floor safe. The owner works about approximately 60 hours week in a managerial capacity. The seller''s $98,500 annual cash flow is with the owner hands on 60 hours per week. All inclusive base rent plus NNN charges is $5,875, which includes water and garbage for the business. There are approximately 12 years currently remaining on the franchise agreement, which Buyer would assume for a $10,000 assignment fee. The business name, menu, and recipes, along with ABC beer & wine license, delivery vehicle and all equipment and assets, are included in a sale.
Organization: LLC | Year Established: 2009 | Current Owner: 2014 | Seating: 49 | Square Footage: 1,800 | Parking: Private parking lot | Licenses Required: Business, Health, ABC Type 41 License | Days Open/Hours: Daily 11a-9p | Reason For Sale: Other Interests |
Yearly Revenues: $618,000 | Yearly Cash Flow: $98,400 |
Monthly Rent: 5,875 all inclusive | Lease Expiration: Oct. 2019 | Lease Option: 5 years | Security Deposit: 4,700 |
Seller Reference #2823
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