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This business has been profitable from the opening day and is continuing its rise. However, the sellers husband (an attorney) has relocated to another state and she is selling to follow him. The menu is exceptional and allows the customer to build their own meal. This shop has a large and loyal customer base. It is just waiting for an owner/operator to take it to its next level.
Expires in 2021 and has 2 Five year options to renew
$48,881 per annum
The shop has 1,400 sq. ft. and is located on a hi-traffic street with excellent exposure plus it has a Drive Through. It seats 28 inside and has outside seating for 48.
Absentee run small businesses normally do not reach their potential. It takes an owner/operator to oversee the purchases and labor distribution. This Franchise identifies food costs should be around 25% and labor 18 -20%. In the case of this shop, the labor costs are about 4-5% above normal (24%) and cost of goods is 5-8% above normal at 31%. Customers of small food businesses enjoy their relationship with an owner; it’s an ego thing, and has been true form the inception of the small food business industry. An owner operator will increase his/her net earnings by 5 to 10% by being present at peak hours.
There are a few Mexican restaurants in the area and several other food places, but nothing next door.
Monday through Sunday 10 a.m. to 9 p.m.
The terms will be discussed once the Buyer has signed the Non-disclosure/Confidentiality Agreement. (NDA)
Training is provided by the Franchise but Seller will give the buyer an overview of the operating system.
Buyer must have at least a 700 credit score and a strong financial statement. Terms of Sale to be negotiated.
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