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Newk’s Eatery Franchise Group for Sale – Three Unit Metro Atlanta Pkg.

Atlanta, GA (Dekalb County)

Newk’s Eatery Franchise Group for Sale – Three Unit Metro Atlanta Pkg.
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Asking Price: $4,550,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $43,675 /Month

Established: 2016

Newk’s Eatery Franchise Group for Sale – Three Unit Metro Atlanta Pkg.

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Business Description

Newk’s Eatery Franchise Group for Sale – Three Unit Metro Atlanta Package – Sales Reaching $10M & Profitable – Million Dollar State of the Art Build-Outs.

Newk’s Eatery Atlanta for Sale.

Three-Units for sale. Not sold individually.

Profitable.

No expenses spared on the state of the art build-out and design.

Full Management and Staff in place for seamless transition.

Newks is Regional chain offering a menu of salads, pizzas & sandwiches in a casual setting.

Million Dollar build-outs.

Purchase includes territorial rights to open two additional units with half of the franchise fees paid already.

Unit One: $14,690 per month all in. Renewal November 2020
5,000/sf end-cap located in nationally anchored lifestyle center.
Established November 2011.
Opening costs $1,100,000.

2016 Gross Sales $2,917,801
2016 Net Profit $430,960

2017 Gross Sales $3,318,344
2017 Net Profit $455,514

2018 Gross Sales $3,394,814
2018 Net Profit $357,910 was lower than in 2017 due to Management Training Salaries for the new unit.

2018 personal add-backs for all three-units combined totaled $200,000.

2019 Gross Sales averaging $60,000 to $70,000 weekly.

Management salaries: GM $55,000, AGM $50,000, Assistant Manager $42,000 plus all are on a bonus program.
Sewer and Electric run about $4,200 monthly.
Staff: 12-FOH with an average rate of $9.00/hr. and Kitchen Staff of 20 at approximately $11.00/hr.

Royalties are 6.5% including Marketing Fees.
Franchise Transfer Fees are $20,000 per unit.

Priced at $1,750,000

Unit Two: $17,645 per month all in, renewal November, 2026
4,500/sf freestanding restaurant located in nationally anchored center.
Established December 2016.
Opening costs $1,170,000.

2017 Gross Sales $3,036,251
2017 Net Profit $291,127

2018 Gross Sales $3,332,774
2018 Net Profit $228,802

2018 Net Profit was lower than in 2017 due to Management Training Salaries for the new unit.

2018 personal add-backs for all three-units combined totaled $200,000.

2019 Gross Sales averaging $60,000 to $65,000 weekly.

Management salaries: GM $50,000, AGM $42,000, Assistant Manager $40,000 plus all are on a bonus program plus two-hourly shift Supervisors at $15.00/hr.
Sewer and Electric run about $4,200 monthly.
Staff: 15-FOH and Kitchen Staff of 20 at approximately $11.00/hr-$13.00/hr.

Royalties are 6.5% including Marketing Fees.
Franchise Transfer Fees are $20,000 per unit.

Priced at $1,500,000

Unit Three: $11,340 per month all in, renewal December 2028
3,400/sf end-cap located in a nationally anchored center.
Walk-in box located on the exterior.

Established December 2018.
Opening costs $1,300,000

2019 Gross Sales averaging $40,000 to $45,000 weekly. Owner project sales to exceed $50,000 weekly.

Management salaries: GM $55,000, AGM $45,000, Assistant Manager $40,000 plus all are on a bonus program.
Sewer and Electric run about $4,200 monthly.
Staff: 12-FOH and Kitchen Staff of 20 at approximately $9.00/hr-$11.00/hr.

Royalties are 6.5% including Marketing Fees.
Franchise Transfer Fees are $20,000 per unit.

Priced at $1,300,000

Detailed Information

Location:
Atlanta, GA
Real Estate:
Leased
Building SF:
12,900
Lease Expiration:
N/A
Facilities:
Unit One: $14,690 per month all in. Renewal November 2020 5,000/sf end-cap located in nationally anchored lifestyle center. Established November 2011. Opening costs $1,100,000. Unit Two: $17,645 per month all in, renewal November, 2026 4,500/sf freestanding restaurant located in nationally anchored center. Established December 2016. Opening costs $1,170,000. Unit Three: $11,340 per month all in, renewal December 2028 3,400/sf end-cap located in a nationally anchored center. Walk-in box located on the exterior. Established December 2018. Opening costs $1,300,000
Competition:
Please ask business broker for details.
Growth & Expansion:
Please ask business broker for details.
Support & Training:
Please ask business broker for details.
Reason for Selling:
Other interests.
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Steven Josovitz

Business Listed By:
Steven L. Josovitz

Shumacher Restaurant Brokers

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

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