Business Summary:
Maid-Rite restaurants have been a part of the Midwestern dining scene for over 80 years. In addition to Maid-Rite fresh ground beef sandwiches, the menu includes other fast-casual staples such as a breaded Tenderloins, home-maid chili, French fries, and thick hand-scooped malts and shakes.
The Jordan Creek location was initially opened in 2006; however, sales growth was hampered by a lack of advertising and marketing, lack of adjoining mall tenants, and by limited street visibility. The original owner closed the business in 2009 and the parent corporation assumed ownership. Major improvements have since been made in visibility and access, customer awareness has been increased, more businesses have opened nearby, and this location was re-opened in April of 2009.
This is now an opportunity to purchase a fully-operating restaurant with all equipment, staff, and systems in place, for significantly below the cost of creating from scratch.
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| Year
Business was Established: 2006 |
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| Number of Employees:
1FT/5PT |
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| Facilities / Terms of Lease:
$3,939.25/month plus $932.29/month NNN expenses |
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| Potential
Growth/Expansion:
After opening in 2006, initial sales growth was hampered by a lack of advertising and marketing, limited street visibility, and lack of other businesses nearby. The original owner closed this location in 2009. The parent corporation assumed ownership, made significant improvements in visibility, access, and customer awareness, and re-opened this location in April of 2009.
“Maid-Rite Corporation’s decision to open the Jordan Creek Maid-Rite is due to the fact that in our analysis ….it has the highest potential concentration of office and retail workers, highest projected population growth, highest daily traffic counts, and the area has the highest mix of residential and dual income families in the city of West Des Moines.”
– Maid-Rite Corporation
This is now a unique opportunity to purchase a fully- operational restaurant with all equipment, staff, and systems in place for significantly less than the cost of creating from scratch. A new owner can be in business immediately, instead of the 4 to 5 months usually required to open a start-up. |
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| Owner
willing to finance:
Available |
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| Owner
willing to train:
“Maid-Rite franchisees benefit from the education that they and their managers will receive through Maid-Rite University and through the systems, procedures, manuals, and programs we have in place that will assist them in the successful operation of the J |
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| Reason for selling:
Maid-Rite Corporation has up-dated and re-opened this location with the intention of transferring ownership to a new owner-operator for long term growth. |
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Seller Reference Number: 1655
BusinessMart.com Listing Number: 68695 |
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