Restaurant – Franchise resale

Restaurant – Franchise resale

Available

$350.00

Listing Number :

 3734

Status :

Expired

Price :

$350,000

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Area

1200

Description

Join the counter service restaurant where customers create their own version of poke bowls. This newly open franchise restaurant did over $600,000 in gross sales the first year and is projected to reach the 1 million mark. The current rent is only $5100 for approximately 1200 sq.ft premise. The lease term expires in 2024 with increases of only around $165 per year. One, five year option is offered. The current staff consists of 4 full time and 6 part time employees with a monthly payroll around $10,000 average month sales are around $50,000 with the business open 7 days a week. Current owner has committed to another to another brand new built out closer to where he lives which is the reason for the sale.

This location is near the Hwy 680/24 interchange, surrounded by many business and restaurants downtown. Buyer must qualify with franchiser.
This business will not qualify for an SBA loan yet as it has only 1 year of tax returns to date 2018
For more info call agent: 925-945-8175
3734
Business Information Financial Information
Ownership Type:  Partnership
Year Established:
Year Purchased:
Business Type: Franchise restaurant
License(s) Required: Business,Health
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3734
Date Available: 06/28/2019
Reason For Sale: Getting into a new venture
Annual Total Revenue: 600000
Annual Net Income:
Inventory:
Monthly Payroll: 10000
Lease Information
Base Rent: 5100
Lease Expires: 2024
Lease Option: 1x5
NNN:
 
Financing Information
Down Payment:
Owner Will Carry:
Other Finance Terms:

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