Atlanta Bread National Sandwich & Bakery Cafe Franchise-TurnKey, Mint

Hickory, NC (Catawba County)

Atlanta Bread National Sandwich & Bakery Cafe Franchise-TurnKey, Mint

Asking Price:$550,000

Cash Flow:$148,955

Gross Revenue:$1,214,840

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2003

Atlanta Bread National Sandwich & Bakery Cafe Franchise-TurnKey, Mint

Get Financing Save Print Share Valuation Report

Business Description

This Atlanta Bread Franchise is located in Hickory, N.C.
Opened in 2003 at a cost of almost $1,000,000. $250,000 was just spent on a stunning renovation with an incredible modern touch which started March 2015 and is slated to be completed August 31.

2014 Gross Sales during a year of renovation still managed a very healthy Net Profit of $148,955 on Gross Sales of $1,214,840.25 after paying all expenses, Assistant GM-$43,000 and Assistant Manager-$26,000 annually with only Assistant GM covered under insurance plan.
Owner only puts in about 20-hours per week and covers two shifts.

2015 gross sales are $1,213,662.00

Net income estimate is $52,000 with over three months of remodel.
In January to date unit up over last year by about 5%.

This unit is ranked #1 by Franchisor of all Atlanta Bread businesses.

Priced at $550,000 plus Franchise Transfer Fees and food inventory paid at Seller invoice cost.

Detailed Information

Facilities:
Newly renovated, 4,000/sf end cap seats 94 inside and 40 guests outside. $9,200 monthly rent all in. Three years remain on Primary Lease with a five year option to renew. High traffic anchored location adjacent to Dick’s and Target on high traffic road only 45-minutes to Charlotte.
Support & Training:
Please ask broker for details.
Reason for Selling:
Other business interests.
Franchise:
This business is an established franchise

Listing Statistics for Premium Members

Ad#:1201611 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Steven Josovitz

Business Listed By:
Steven Josovitz

Shumacher Restaurant Brokers

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

Find out more...

Get more details about this business.


Similar Listings


Pinocchio’s Original Italian Ice Cream

Franchise Opportunity In NC
Capital Required: $154,900