This opportunity consists of two well known & popular franchises. Currently each store is run by an experienced store manager and the owner comes to the stores each week to oversee and check on the business. The franchisors expect that a new franchisee will work full-time in the store for the first year, so the buyer will enjoy both the store manager's compensation and the owner's compensation. The buyer must apply, qualify and be approved for each franchise and then attend training. The process from application to completion takes about three to four months. One requires the buyer to complete a 4-week training session and the other requires a 3-week training session. Franchise transfer fee is $6,000 for both combined. No Broker Co-op.

General Info

  • OrganizationCorporation
  • Established2006
  • Current Owner2013
  • Employees2 FT & 10 PT
  • Reason For SaleOther Interests

Facilities

  • SeatingContact For Info
  • Square Feet1900
  • ParkingStreet
  • LicensesHealth & Business
  • Open HoursMon-Sun 10am -9pm

Lease

  • Rent$6,586.67 All Inclusive
  • Expiration08/31/2023
  • Yearly IncreaseContact For Info
  • Option(1) 5yr
  • Deposit$6,500

Financials

  • Monthly Revenue$54,612
  • Monthly Cash Flow$12,639
  • Annual Revenue$655,349
  • Annual Cash Flow$151,673
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location