Tidewater Fast Food Franchise Restaurant Acquisition Opportunity

Virginia Beach, VA (Virginia Beach City County)

Tidewater Fast Food Franchise Restaurant Acquisition Opportunity
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Asking Price: $95,000

Cash Flow: N/A

Gross Revenue: $130,000

EBITDA: N/A

FF&E: $85,000

Inventory: $3,000

Rent: $2,836 /Month

Established: 2017

Tidewater Fast Food Franchise Restaurant Acquisition Opportunity

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Business Description

Priced well below start up cost

• Excellent daily & freshly baked Pretzel product sales with both retail & catering income streams.
• Nationally recognized brand since 1998 and has over 150 locations.
• Great franchisor support and reputation since 2004.
• Excellent location in the middle of shopping center, business and residential neighborhoods of Virginia Beach.
• Location is within 10 miles from Virginia Beach oceanfront.
• Reason of sale: health.
• It is a turnkey sale and great acquisition for owner/operator business model.
• Easy to follow step-by-step business model.
• Approximately 8 ½ years of franchise right left
• Buildout and all FF&E are about 1 ½ year old.
• Original franchisee fee & $85,000 of furniture, fixture and equipment are included in sale

This Pretzel fast food franchise restaurant sells grab and go lunch/dinner items such as; Pretzel Hot Dogs and Spicy Sausages (100 % beef - Dietz and Watson brand), Cheesesteak pretzels, Pepperoni Pizza Pretzels, as well as delicious assorted cheese, mustard, and sweet dips) which serve as very profitable compliments to the pretzel items. It is a great opportunity for first time owner/operator business entrepreneur. Owner opened this franchised location in mid-2017 with all new buildout, furniture, fixture and equipment. With approximately 8 ½ years of franchise rights left which is transferable to new and qualified franchisee. It is a turn key operation and easy to manage step-by-step franchise system. Franchisor is a nationally well recognized brand with over 150 locations and continuously growing. Seller offers the business in the market for health reason. Great growth opportunity is available through wholesale/catering service to business and local events. Monthly visit from corporate district manager helps develop great marketing and sales strategy to increase overall revenue. Training is available for both franchisee and employees. Potential is great for someone with the energy and right mind set to see the awesome potential of this restaurant.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
4 weeks
Reason for Selling:
health
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Steve Sigman

Business Listed By:
Steve Sigman

Transworld Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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