Togo's Deli Franchise Santa Clara County

Santa Clara County, CA

Togo's Deli Franchise Santa Clara County
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Asking Price: $350,000

Cash Flow: $109,327

Gross Revenue: $773,247

EBITDA: N/A

FF&E: $100,000

Inventory: $6,500

Rent: $4,538 /Month

Established: 1982

Togo's Deli Franchise Santa Clara County

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Business Description

Togo's Deli Franchise Santa Clara County BTI # 8687
There has been a Togo's Deli Franchise at this location since 1982 and the current owner is only the second owner in over 37 years. The business has maintained gross revenues for the past three years at + three quarters of a million dollars each year and has averaged +$ 123,000 in adjusted net income. The business model can use some fresh incentives such as expanding catering to local businesses and community development. The potential here is for plus 1 million in gross sales and +150,000 in adjusted net income. The monthly gross lease rate $4,538 (no NNN) is very reasonable @ 2.75 per sq. ft. for a retail end cap location compared to other retail rents in the area.
2018 Sales $773,247 Purchase Price: $350,000 Down Payment: $350,000
12 mo Cash Flow $109,327 as of Dec 2018 from 1120 Fed Tx Return
(3 year average +123,000)
Bldg. Size (Sq. Ft) 1,650 Rent $4,538 per mo NNN $0 Lease Exp 1/11/2020
Option f/5 Years
Employees FT: 1 PT: 10 Owners FT: 1 PT: 0
Reason For Sale: Leaving Business
Hours: Mon - Thursday + Sun 10:30 / 8:00 Fri - Sat 10:30 / 9:00

Detailed Information

Location:
Santa Clara County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,650
Lease Expiration:
1/11/2020
Employees:
1 FT 10 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Bldg. Size (Sq. Ft) 1,650 Rent $4,538 per mo NNN $0 Lease Exp 1/11/2020 Option f/5 Years
Support & Training:
2 weeks for 20 hours per week
Reason for Selling:
leaving business
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(from currently available funds)
 
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Michael Floorman

Business Listed By:
Michael Floorman

Business Team-SJ

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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