Business Summary:
THE OPPORTUNITY
The food court at the Boise Towne Square Mall (BTSM) features only regional or national chain restaurants and as such, the opportunity to own one gives extra credence to the products being offered by this company. BTSM is Idaho’s largest mall complex anchored with outstanding retail centers as Sears, Penney’s, and Macy’s as examples. The food court is the centralized food/beverage location for the entire center. This particular opportunity is a well established national franchised fast food operation featuring specialized options in lunch and dinner presentations. The company serves up “authentic ethnic foods”. The parent company has over 125 outlets nationally and has ranked in the “top three” restaurants of this particular product. Owner works part time in the business.
THE LOCATION
Base rent is approximately $3,000/month NNN for the two years remaining on a master lease that was originally for 10 years. The owners pay into both common area operating and mall marketing media funds as part of the lease agreement. Buyers should consider seeking a new lease agreement or an assumption of the existing lease.
ASSETS INCLUDED
This is a turn key operation which includes opening inventory, furniture, fixtures and equipment. Franchise transfer fees estimated at $3,000 are not included in the offering and a new buyer will need to be approved by the franchiser prior to operating. Franchise fees are estimated at 5.75% of revenue.
THE REASON FOR SELLING
The owners have operated food business enterprises for many years and wish to retire from active involvement.
MARKETS
Competition with other mall fast food operations. BTSM is an outstanding location.
THE IDEAL BUYER
Family or partnerships. Operators with or without restaurant experience.
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