Successful Franchised Restaurant

Auburn, AL (Lee County)

Seller Financing Available
Successful Franchised Restaurant

Asking Price:$185,000

Cash Flow:$89,847

Gross Revenue:$615,152

EBITDA:N/A

FF&E:$110,000

Inventory:$5,000*

Lease Rate/Sq. Ft.:N/A

Established:2000

*not included in asking price.

Successful Franchised Restaurant

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Business Description

Established 16 years ago in the thriving college town of Auburn the restaurant is located in one of the busiest positions on College Street. The business gets a ton of traffic during evenings and especially on football weekends.

The premises comprises approximately 1400 sq ft which includes a small office to the rear. There is ample public parking in the front and plenty of room for expansion.
The equipment includes: 1 walk-in freezer, 1 walk-in cooler, 1 reach-in freezer, 2 refrigerators, 2 grills, 1 double stacked warming oven, and 8 stainless steel prep tables. The business also has very useful electronic menu boards in place. All equipment is owned by the seller and is included in the sale except for 1 Pepsi drink display unit. A complete list of FF&E is available upon request.

About a third of the customers are AU college students, faculty and staff, local manufacturing plants that order regularly and local residents with some additional passing tourist trade. Although the business is already well known for its unique menu and outstanding customer service, there is tremendous scope to dramatically increase the turnover. A new owner looking to invest further could also maximize this opportunity through the potential for significant growth in many un-tapped markets, e.g. lunch trade and outside catering requests. A suggested next phase of expansion would be to add a bathroom, obtain a beer/wine license, add additional tables and open for lunch daily. Adding just 3 more days of lunch sales would increase the weekly revenue by $1500 -$2000 per week.

In the Broker’s opinion this is a great opportunity to purchase a stable and well established turn key franchise in an outstanding location.
BUSINESS HIGHLIGHTS
Prime location and 16 years of goodwill
High traffic location near student housing and tailgating areas
Excellent reputation and branding – known for its quality product!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
N/A
Employees:
3 FT, 12 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The current lease expires in 3 years with a rental rate $2275 per month inclusive of maintenance fees (CAM).
Competition:
This business has the following competitive advantages: Excellent high traffic location, 16 years of goodwill and an excellent reputation for quality food, Unique Menu/outstanding award winning flavors, Loved by college students and residents alike, Friendly and reliable staff.
Financing:
Seller may consider financing a qualified buyer with a sizeable down payment
Support & Training:
There is a three week mandatory training available at the Master Franchisor headquarters in Atlanta and the Buyer will be expected to meet those traveling costs.
Reason for Selling:
Health issues

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Rebecca Walker-Jones

Business Listed By:
Rebecca Walker-Jones

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