5003-12623 Franchise Restaurant

Undisclosed Address, Iowa
Business Opportunity for Sale
Catylist Listing ID: 30022467
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $379,000
Franchised Business: Yes
Year Business Established: 2012
Gross Revenue: $694,145 (Annual)
Cash Flow: $150,782 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Last Updated: 8/17/2017

Overview / Comments

This business is a national franchised quick serve restaurant group. The franchise is developing a great following and reputation for quality food and service.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Seller is the regional development manager for the area and is focusing on further development of the brand.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $175,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The store is located in a strip mall that is anchored by a major retailer at one of the busiest intersections in Cedar Rapids. Equipment and building are in great shape.
Employee/Labor Description: 4 FT/8 PT. Mon-Sat 10:30am-9pm; Sun 11am-8pm.
Mgmt/Training Support Description: Will train for 1 week @ no cost. This store has a qualified manager that can run the business with very little over site. New owner should have good management and people skills.
Competition/Market Description: This business is competing with other sandwich shops with great success. The product offering and unique sandwiches makes this the go to restaurant.
Growth/Expansion Opportunities: An onsite owner will produce additional sales and will add additional quality control to the restaurant. Additional catering and delivery programs would produce good results.
Seller Financing Description: $379k down/ $25k for 48 mos. @ 8%.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 957 2,033
Median Age: 43.44 39.76
Households: 385 809
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