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Businesses For Sale   >>   Virginia Businesses For Sale Categories   >>   

Franchise Restaurant - Prime University Location

Location  Virginia,United States
Asking Price Range  < $250K
Gross Revenues  $245000
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  2010
Number of Employees  10 - 19
Inventory  194000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Provided by corporate office for free
Reason for Sale  Absentee owner
Description  Popular franchised sandwich restaurant located in a high profile shopping center, with heavy foot traffic due to its prime location adjacent to University of 20,000+ students. Turn key Restaurant has great reputation and tremendous upside for owner/operator. Current owner is absentee. Year one Adj Revenue = $204,000; Year two Proj. Adj. Revenue = $245,000. Asking Price = $249k. Physical Property: Newly built in November 2010 1500 sq. feet All food equipment in good working condition; inspected regularly Low Rent/Lease for location Low Franchise fees Transferable Franchisee license at no additional cost to buyer Opportunities for revenue growth and improve bottom line as viewed by Franchisor: *Owner/operator absorb manager salary + hourly wages = approx. $20 - 30k *Absentee owner unable to keep eye on business; High Cost of Goods *Increase marketing to promote restaurant to new hospital, university, mall, and local businesseses *Untapped catering business = approx. $25k - $50k *Untapped Delivery business = approx. $30k- $40k *Source and utilize local Chamber of Commerce *Add lit exterior signage to improve store visibility
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