$100,000. REDUCED RESTAURANT IN WAYCROSS GA

Waycross, GA (Ware County)

$100,000. REDUCED RESTAURANT IN WAYCROSS GA
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Asking Price: $600,000

Cash Flow: $116,979

Gross Revenue: $403,036

EBITDA: N/A

FF&E: $391,137

Inventory: $11,279

Rent: $4,825 /Month

Established: N/A

$100,000. REDUCED RESTAURANT IN WAYCROSS GA

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Business Description

Completely renovated and fully equipped with over $402,416 in assets. This is a self-managing restaurant which currently employs 28 workers and 1 manager. Bottom line, this is a turn key investment and capable of being an absentee owner business.

Currently, the restaurant grosses $403,036 annually and retains $116,979 serving the Waycross, GA market. Waycross, and the state of Georgia, are growing above the national average in both economy as well as population. Therefore, the potential to grow this restaurant is solid.

Seller will provide training at no additional cost and, being part of a national franchise, the franchisor will provide training. Franchise fee is included in the sale price.

Financing is available (SBA pre-approved). 10% down is what is needed to make this restaurant yours and start making money today!

If interested, please contact William Reyes with Transworld Business Advisors for further details. All offers will be presented.

Detailed Information

Location:
Waycross, GA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
29
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Founded in 1991, the Franchisor has had explosive growth with over 1,000 locations in operation or under development. The Franchisor team’s 25+ year journey is well documented in both results and books. The current owner purchased the rights to the Kingsland Franchise, spent hundreds of thousands of dollars for buildout, and today serve the local Kingsland Community. As such, you’re investing in a business that already paid its buildout costs; passed the government inspections; with a great reputation in Kingsland; established regular customer base; and a powerful brand.
Competition:
Corporate has established and will administer a Marketing/Advertising fund on behalf of the brand to provide national or regional creative materials for the benefit of your location. Currently, each location contributes 1% of gross sales to the Marketing/Advertising fund; 0.5% of gross sales will stay in your region. We want to make sure that we’re marketing close to home. When developing your local marketing plan, you’ll get complete marketing assistance from the Franchisor team, whether you’re opening a new restaurant, putting up a billboard on a busy road, training your local brand ambassadors, sponsoring a kid’s night or planning any of the dozens of local market promotional ideas waiting for you. You’ll also benefit from our years of experience creating partnerships with area schools, religious institutions, athletic programs and local businesses.
Growth & Expansion:
By nearly every measure, the 2017 outlook for Georgia’s economy is very good. The pace of GDP and personal income growth will both accelerate. Jobs will be plentiful and very well balanced, with gains in both goods-producing and service-providing industries. Existing home prices will rise to all-time highs. And, for the fifth-straight year, the state’s economy will grow faster than the nation’s. Georgia’s GDP is estimated to grow by 3.2 percent in 2017. That’s higher than the 2.6 percent growth estimated for 2016 and the 2.5 percent growth estimated for U.S. GDP in 2017. The state’s personal income will rise by 5.0 percent. Employment will rise by 2.1 percent, which exceeds the 1.5 percent gain estimated for the U.S., and unemployment will average 4.8 percent. That’s below what’s considered full employment, which is 5 percent. The last time we were at full employment was in 2007. Georgia is the 8th most populous state and 14 of Georgia’s counties ranked among the nation’s fastest growing. Source: http://www.georgiatrend.com/January-2017/Economy-The-Economic-Outlook-for-2017/
Support & Training:
2 weeks
Reason for Selling:
other ventures
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Jacob Jones

Business Listed By:
Jacob Jones

Transworld Business Advisors of Savannah

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