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Franchise Restaurant for Sale

Miami-Dade County, FL

Seller Financing Available

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Asking Price:$390,000
Gross Revenue:$1,302,060
FF&E:$100,000
Cash Flow:$194,013
Inventory:$15,000
Established Year:2013
Listing ID: 2178016Listing provided by BizBuySell
BUSINESS DESCRIPTION

Franchise Restaurant for Sale

Well known iconic franchise with more than 30 locations in South Florida. Fast casual restaurant brand known for its legendary cheesesteak, wings, gyros and burgers. This restaurant has been established for 13 years. Stand alone building with 9 years remaining on the lease with favorable conditions. Fully staffed restaurant with owner living out of state and dedicating only 10 hours a week, easy to run. Growth opportunity by serving breakfast and opening 24 hours. Breakdown of sales: 65% delivery, 20% drive through and 15% dine in. Royalty is 6% plus 3% advertising. Owner is absentee, full staff in place. Numbers assume that the owner works in the business as one of the managers, the salary for one of the managers is added back ($60k).

DETAILED INFORMATION
Location
Miami-Dade County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,129
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Stand alone building with 9 years remaining on the lease.
Competition
This chain is well known for their: cheesesteak, wings, gyros and burgers. There are other options to get these products however the brand name of this franchise attracts people to these restaurants.
Growth & Expansion
The business can grow by incorporating breakfast and opening longer hours. It could open 24x7 as other franchisees do.
Financing
$290K down/$100K over 24 mos. @ 6%.
Support & Training
Will train for 1 week @ $0 cost.
Reason for Selling
The seller had to move out of state.
Franchise
This business is an established franchise
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Andy
Fischer
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Andy Fischer
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