Phone: (301) 215-9288
Price: $1,095,000
Location: Charles
Industry: Retail, Restaurants
Listing ID: Montgomery-MZ Rest 667
Absentee owner! Owner enjoys over $400,000 in cash flow with minimal to absentee involvement. This is one of the most successful casual dinning restaurants with growing revenue year over year. The Managers and all employees are in place. Lease terms are very attractive and annual rent is only 6% of total sales. This is a worldwide franchise and brand awareness is growing very fast. Their delicious food is very uniques concept and it is becoming extremely popular. Franchisor provide excellent training and support. The business is located in very busy area and surrounded with national brands like Safeway, Starbucks.They have provided an excellent service and they have thousands of repeat and new customers. They serve liquor and Beer and wine and they have inside and outside seating of about 92.
Listing Details
Revenue: $2,000,000
Cash Flow: $426,000
EBITDA: $370,000
FFE: $125,000 (Included in Price)
Inventory: $10,000 (Included in Price)
Real Estate: (Not Included in Price)
Franchise?: Yes
Reason For Sale:
Owner is retiring
Training & Support:
Franchisor will provide excellent training and support to new owner. Also, current management is willing to provide training and support for two weeks.
Operation
Year Established: 2016
Employees: 18
Managers: 3
Absentee Owner?: Yes
Location
Lease Option: two five years
Monthly Rent: 10296
Type of Location: Shopping Center
Square Footage: 3136
Relocatable?: No
Facilities Information:
The restaurants has permit for 92 seating and they have outside seating.
Summary
Owner Qualifications:
Owner should have $250,000+ liquid assets and net worth of $700,000
Competition:
- There is no competition for their food in their area.
Potential Growth:
- The management have done excellent job to grow this business and this trend may continue going forward. Also, the number of franchises have been growing world wide. New owner can enjoy current high cash flow and grow this business to higher level.
Financing/Terms:
The business is qualified for SBA financing with 10-20% down payment.
(Mike) Majid Zarinbaksh, MBA, CBI, M&AMI
majid@sunbeltnetwork.com
(301) 215-9288
Address:
7735 Old Georgetown Rd., Suite 910
Bethesda, MD 20814