Business Summary:
Breakfast/Lunch concept with the backing of a franchise. All franchise fees are built into the purchase price. Normally a new franchisee would spend $500,000+ on franchise fees, training, and buildout of a location. This turnkey opportunity with franchisor support, is an excellent opportunity for someone to run their own business.The company employs 16 people. This consists of 1 General Manager, 3 full time Cooks, 3 part time bussers, and 9 part time servers. The corporate chef and sous chef are currently paid through this location and help as needed. The general manager on staff will be replaced by the new franchise owner.The owner is and absentee, but she is in contact with the general manager of the location on a daily basis and visits the location to check on the staff. She does not spend time working at this location. The general manager will be replaced by a new owner of the franchise.
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| Year
Business was Established: 2018 |
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| Number of Employees:
6 FT/12 PT |
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| Facilities / Terms of Lease:
Located in a very visible shopping center in a suburb of Milwaukee, this location has approximately 39,000 households within a 5- mile radius of the restaurant. The location has approximately 63,000 cars that drive by the location every day.
The restaurant occupies 4,026 SF. The lease expires in 2028 and has multiple renewal options.
The owner wants to update the location to modernize it to make the other franchise locations. Part of the purchase price includes $80,000 in updates to the restaurant. |
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| Potential
Growth/Expansion:
A new owner that focuses on the business and follows the franchisors marketing plan and program can grow the revenues and profitability of this location to more closely mirror the other locations. |
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| Owner
willing to train:
Will train for 10 weeks @ $0 cost. |
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| Reason for selling:
The company is expanding their franchise model. She wishes to sell this “corporate” location. |
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Seller Reference Number: 4102-18013
BusinessMart.com Listing Number: 303506 |
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