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Newk’s Eatery National Franchise for Sale – Whole Food Anchored Ctr

Kennesaw, GA (Cobb County)

Newk’s Eatery National Franchise for Sale – Whole Food Anchored Ctr
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Asking Price: $1,500,000

Cash Flow: $228,802

Gross Revenue: $3,332,774

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $17,645 /Month

Established: 2016

Newk’s Eatery National Franchise for Sale – Whole Food Anchored Ctr

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Business Description

Newk’s Eatery National Franchise for Sale – Whole Food Kennesaw GA Anchored Center – High Profit – $1,170,000 Stunning Build-Out.

(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)

Newk’s Eatery for Sale.
Located at 1975 Cobb Parkway, Kennesaw, GA 30152

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.

Staff: 15-FOH and Kitchen Staff of 20 at approximately $11.00/hr-$13.00/hr.

Sewer and Electric run about $4,200 monthly.

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

Additional Two-Units for sale.

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.

$1,170,000 build-out.

Priced at $1,500,000

Detailed Information

Location:
Kennesaw, GA
Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
N/A
Facilities:
4,500/sf freestanding restaurant located in nationally anchored center. Established December 2016. $1,170,000 build-out. $17,645 per month all in, renewal November, 2026 Full Management and Staff in place for seamless transition. Additional Two-Units for sale.
Competition:
Ask business broker for details.
Growth & Expansion:
Ask business broker for details.
Support & Training:
Full Management and Staff in place for seamless transition.
Reason for Selling:
Other business interests.
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Business Location


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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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