Well known iconic franchise with more than 30 locations in South Florida. Fast casual restaurant brand known for its legendary cheesesteak, wings, gyros and burgers. This restaurant has been established for 13 years. Stand alone building with 10 years remaining on the lease with favorable conditions. Fully staffed restaurant with owner dedicating only 10 hours a week, easy to run. Growth opportunity by serving breakfast and opening 24 hours. Breakdown of sales: 65% delivery, 20% drive through and 15% dine in. Royalty is 6% plus 3% advertising. Owner is absentee, full staff in place. Numbers assume that the owner works in the business as one of the managers, the salary for one of the managers is added back ($60k).
- Asking Price:
- $450,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,344,672
- Cash Flow:
- $245,528
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Stand alone building with 10 years remaining on the lease.
Business Operation
- Expansion Potential:
-
The business can grow by incorporating breakfast and opening longer hours. It could open 24x7 as other franchisees do.
- Competition / Market:
-
This chain is well known for their: cheesesteak, wings, gyros and burgers. There are other options to get these products however the brand name of this franchise attracts people to these restaurants.
- Reasons for selling:
-
Moving out of state.
- Trading hours:
-
Monday-Sunday 10am-11pm
- Employees:
- 14 PT
- Years established:
- 10
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
Will train for 1 week @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$315K down/$135K over 24 mos. @ 6%.
- Furniture / Fixtures value:
- $100,000 - included in the asking price
- Inventory / Stock value:
- $15,000 - included in the asking price
