Retail - Other Eating & Drinking Places | Retail - Other Food Stores

Asking Price	$50,000	Inventory
Gross Income	$180,000	Real Estate
Cash Flow	Not Disclosed	Year Established	N/A
FF&E	$167,250*	Employees	8 PT; 1 FT mgr

* included in the asking price

** not included in the asking price

This is a brand new shop built approximately one year ago in a strip center in Southeast Boise selling far below start up cost and asset value. The owner invested over $165,000 in equipment, leasehold improvements and franchise fee and has decided to liquidate due to personal reasons. It has been passively operated since opening, so there was never a hands-on management by owner. Sales for 2007 are on par for approximately $180,000 for the year. Cost of goods sold has been at 43%; much higher than normal, but with an owner/operator in place the shop should be running at recommended percentages regarding both COGS and labor. The current general manager earns $11.50 per hour for a forty hour week. 8-10 part time employees are working the shop, with 4 of them at the same time during busy hours. Average monthly payroll is $5,000. This business is perfect for an owner/operator wishing to reduce wages and control cost of goods for a nice profit. It appears the shop is growing, and we're estimating 2008 to be an even better year than 07. The current name of business can be changed, and the franchise can be eliminated for increased profit at buyer's discretion. The franchise charges 6% royalty plus 2% advertising fee, therefore without the franchise a buyer would have an 8% bottom line advantage. Hours are 10:30am (prep), and open until 8:30pm or 9:30pm. This is a perfect business for a first time business buyer.

Facilities: 1,500 sq. ft. retail space leased at $22.53/ft. 5-year lease in place.

Reason Selling: Personal.