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Restaurant Franchise

  • Status: Available
  • Price: $99,000

Houmehr 'Mike' Panoussi

License No:
DRE #01853627
Email:
mike@lbaweb.com
Office:
925-361-5429
Mobile:
925-361-5429
  • Listing No: 6334
  • Status: Available
  • Area: Los Angeles
  • Price: $99,000

Description

This Beautiful Salad Farm Franchise Location has been in business since June of 2010 and under current ownership since 2014, seller is relocating, recently remodeled. Store sales pre Covid about $44,000 Gross per month, Post Covid 26,000 to $30,000 a month. Rent is $9,100 a month including NNN on 1,700 sq.ft. space with outside seating area. 3 1/2 years lease left with 1 x 5 years Option. Franchise fees are $1.00 per sqft. about $1,785 per month. Food and Supply Cost 31%. Beautiful operation ready for take over! Payroll is about $12,000 per month per Covid, $8,000 post Covid. Online sales include Eat24, Grub Hub, Uber eats, Post mate and etc. Franchise onetime fee $25,000. Great Opportunity for a family to operate!

Business Information

Ownership Type: N/A
Year Established: 2010
Year Purchased: 2014
Business Type: Salad Farm Franchise
License(s) Required: Business, Health, ABC
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6334
Date Available: 06/22/2021
Reason For Sale: Other Interest

Financial Information

Annual Total:
360,000
Revenue:
360,000
Annual Net Income:
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
9,100/m
Lease Expires:
2024
Lease Option:
1 x 5 years Option
NNN:
Included

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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