FF-Franchise: Rev $720K Net $156K Ask $279K Only, Cabazon Outle

Cabazon, CA (Riverside County)

FF-Franchise: Rev $720K Net $156K Ask $279K Only, Cabazon Outle

Asking Price:$289,000

Cash Flow:$156,000

Gross Revenue:$720,000

EBITDA:N/A

FF&E:N/A

Inventory:$5,000*

Rate/Sq. Ft.:$14.84

Established:2009

*not included in asking price.

FF-Franchise: Rev $720K Net $156K Ask $279K Only, Cabazon Outle

Get Financing Save Print Share Valuation Report

Business Description

Franchise fast food restaurant located at Cabazon Outlet Food court, inspiring to create unique breakfasts, lunches, and dinners with handcrafting 1 lb artisan sausages.
Moreover, it is a 100% absentee-owner business in other words, help run franchise operated by employees only, yet a decent net profit of $13,000 or more per month has produced.
Affordable asking price has been reduced to $289,000.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
674
Lease Expiration:
9/30/2019
Employees:
12-15
Facilities:
Established franchise restaurant served with 1 lb. chicken, beef, turkey sausage those are legendary for high-quality, naturally low in fat, gourmet sausages with irresistible recipes emphasizing freshness, flavor, and above all a healthier approach to cooking. Details from the business summary, See below for sales and operation prepared for on a basis of 100%-actual 2015 Federal Income Tax Return: (1) Gross sales per month are between $71,000 in 2015 referred to an official tax return report of 2015 and approx. $60,000 of up-to-date in 2016 (2) Net Income of $13,000 or higher/mo based on 2015 federal income tax report (3) Beer & Wine is sold (4) Cost of goods sold is as good as 30% (5) Rent payment per mo. is $12,450 including CAM, but $24,000 was returned in Jan, 2016 because of over-charged of CAM during 2015, thus an actual rent payment per month should be re-adjusted down to be at $10,000 or lower (6) Lease term: 3 year-leftover on the current lease w/no option: however, every 5 years can be renewed upon request (7) Franchise royalty is a 5% of gross sales (8) Business open hours run from 10 am to 9 pm (8 pm on Sunday) seven days a week (9) About 14 employees are at work (10) A total wages paid out is about $14,000/mo (11) Buyer should pay for one time franchise transfer fee in the amount of $12,500 (12) Ample parking is all over at shopping center (13) Operated by the same owner for 8 years at the current location (14) Bank financing availability: 30% down SBA loan is pre-approved for this business. To get qualified, buyer must be experienced (5) For more details, see attached pdf for “BUSINESS SUMMARY”
Competition:
There are many of restaurants competing at Cabazon Outlet Food Court, but not the same kind food sold
Financing:
A 30% down SBA loan has been approved for this business.
Support & Training:
One week training provided by Corporative Office at Venice Beach during escrow and additional two weeks regular training and consultant provided by owner on or after close of escrow
Reason for Selling:
Having another job
Franchise:
This business is an established franchise

Listing Statistics for Premium Members

Ad#:1268436 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 & conditions 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

Kevin (Yong) Kim

Business Listed By:
Kevin (Yong) Kim

Bee Realty Group

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Anchor Bar

Franchise Opportunity
Capital Required: $450,000