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Fast Food Franchise In Prime Brooklyn
Location New York,United States
Asking Price Range < $250K
Gross Revenues $500000
Net Profit / Cash Flow $92280
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2011
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description This popular fast food franchise is located in a safe Brooklyn neighborhood on a main street that straddles both affluent and working class neighborhoods. Asking $249K, the seller is willing to finance $100K of that if you put $149K down. Financials are verifiable. All sales have been recorded on a P.O.S. system. Deliveries account for 35% of revenues. In-store revenue is roughly divided between cash and credit cards. The store does about $10K/week with the bulk of that occurring on the weekends. It did $14K alone on Superbowl weekend. The retail space on the ground floor is ~ 2,000 sq. ft. The basement is about the same, yet is hardly utilized, but for an office, bathrooms and some storage. You would be well-advised to make further use of at least the extra ground floor selling space by extending the menu, which the franchise agreement allows. Certainly, a beer & wine license could be a natural first step. An open buffet might be another. There is currently seating for 30 and room for more. The franchise royalty fee is only $300 per week. The transfer fee is $5K. All new lighting, walk-in freezer, 5 deep fryers, and several flat screen TVs. The lease is for 5 year with a 5 year option to renew and the landlord is reasonable. The right buyer should be able to generate considerable upside from this business. Contact to receive the name and address of this fast food franchise, so you can do a quick walk by. Then, when you are ready to take the next step, we'll make an appointment for you to meet with the seller and you'll get a full tour of the facility.
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