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Businesses For Sale > Business For Sale in Santa Clara County, California (CA)

Togo's Franchise Santa Clara County for sale in Santa Clara County, CA

Santa Clara County, California (CA)

Asking Price: Gross: Cash Flow:
$ 250,000 $ 712,222 $ 88,802

Furniture and Fixtures Value:
$ 100,000 (included in the asking price)

Inventory Value:
$ 6,500 (included in the asking price)

Business Summary:
Togo's Deli Franchise Santa Clara County BTI # 8687 There has been a Togo's Deli Franchise at this location since 1982 and the current owner is only the second owner in over 38 years. The business has maintained gross revenues for the past four years at + 700,000 dollars each year and has averaged +$ 114,000 in adjusted net income. The business model can use some fresh incentives such as expanding catering to local businesses and community development. The potential here is for plus 1 million in gross sales and +150,000 in adjusted net income. The monthly gross lease rate $4,538 (no NNN) is very reasonable @ 2.75 per sq. ft. for a retail end cap location compared to other retail rents in the area. 2019 Sales $712,222 Purchase Price: $250,000 Down Payment: $50,000 Includes $6,500 inventory 12 mo Cash Flow $88,802 as of Dec 2019 from 1120 Fed Tx Return (4 year average +114,000) Bldg. Size (Sq. Ft) 1,650 Rent $4,538 per mo NNN $0 Lease Exp 1/31/2025 Option f/5 Years Employees FT: 1 PT: 10 Owners FT: 0 PT: 1 Reason For Sale: Leaving Business Hours: Mon - Thursday + Sun 10:30 / 8:00 Fri - Sat 10:30 / 9:00 8687

 

   
Year Business was Established: 1982
   
Number of Employees: 1 FT 10 PT  
   
Facilities / Terms of Lease: Bldg. Size (Sq. Ft) 1,650 Rent $4,538 per mo NNN $0 Lease Exp /11/2020 Option f/5 Years  
   
Potential Growth/Expansion: Catering / Community Involvement  
   
Owner willing to finance: SBA approved $200,000  
   
Owner willing to train: 2 weeks for 40 hours per week  
   
Reason for selling: leaving business  
   
Seller Reference Number: 8687
BusinessMart.com Listing Number: 243775
 

 

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For more info contact:

Michael Floorman

BTI Group
4082461102

CONTACT SELLER

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