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Deli In Santa Clara County For Sale

Santa Clara County, California - North
Asking Price:
$75,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$518,551
Cash Flow:
Under $50K

BAY AREA TOGO's FRANCHISE BTI 8470
The most important item here is the seller can take it out of the franchise and make it an independent food service operation. The center has a Pizza and an Indian restaurant this deli does not have a hood but it does have a grease trap as they only do soup and sandwiches.
This store is part of a nationwide franchise chain of 250 fast casual sandwich restaurants owned by an investment capital firm since December 2015. Their headquarters are in San Jose, California where the franchise originated. The owner has been here for 28 years and is ready to move on and pay more attention to his second location. The sales and net have been flat for the last 4 or 5 years but at one time was grossing +$700,000. The business needs a new more energized owner willing to devote more time and management skills to the operation. The seller states he will be able to negotiate an exit from the franchise if you want to make this an independent food service business. Excellent restaurant location BTI #8470
Sales: $518,551 Purchase Price: $75,000 Down Payment $75,000
Rent $5,840 NNN $1,304 Bldg Size: apx. 2,000 sq. ft. Lease Exp 3/31/18 Two 5 Yr Options Employees: 4 FT 5 PT Owners: 1 PT Hours: Daily 10:00 AM - 9:00 PM Reason For Sale: To concentrate on 2nd store

Property information

Real Estate:

Lease

Lease Terms:

Rent $5,840 NNN $1,304
Bldg Size: 2,000 sq. ft.
Lease Exp 3/31/18 Two 5 Yr Options

Leasehold Rent:

$85,728 per annum

Location:

Santa Clara County South Bay Area

Premises Details:

Rent $5,840 NNN $1,304
Bldg Size: 2,000 sq. ft.
Lease Exp 3/31/18 Two 5 Yr Options

Size in square feet:
2,000

Business Operation

Reasons for selling:

concentrate on second business

Trading hours:

Mon - Sunday 10:00 AM - 9:00 PM

Employees:
4FT 5PT
Years established:
28

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

two weeks for 40 hours per week by seller

Furniture / Fixtures value:
$30,000 - included in the asking price
Inventory / Stock value:
$2,500 - included in the asking price
Related Documents:

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