This National Franchise is growing rapidly and this franchise unit has been growing year after year with sales growing in from $644,000 in 2019 to $989,000 in 2021 and sales even increased in 2020 by a whopping 19%, a testament to the great brand and management of this franchise.
This business has great tax returns and SBA financing is available with 20% down, good FICO score and relevant managerial experience.
It's all about the numbers, right! And you'll love these numbers. 2021 revenue was $989,000 with working owner cash flow of $168,346. Food costs are a low 26.3% while labor costs are 24% in 2021. First half of 2022 felt the inflation pressures with food costs percentage rising 3.5% and accounting for a decrease in earnings of about $20,000 for the first half.
Lease has about 2.5 years remaining as of April 15, 2022 with two 5 year options. The Sq. Ft. is 2,600 with an all-in rent including NNN/CAM of $6,592. This unit was built in 2014 and has seating for 50 people with outside seating for 24.
An SBA Loan is available for this business because the tax returns and tax return history are solid. With $80,000 down plus closing costs, a good FICO score north of 700 your monthly payment of Interest and Principle will be about $3,552 a month. This leaves you with more than $125,000 after servicing the debt.
* Working Owner Cash Flow is Defined By This Broker as the Tax Return Net Income Plus the Owner's Salary plus All Reasonable and provable Owner Perks. It does not include cash an owner may take from the business.
|2014 Total Population||18,011|
|2010 Number Of Households||5,840|
|2010 Persons Per Household||3.08|
|Median House Value||$118,500|
|Income Per Household||$52,870|
|2009 Number Of Businesses||194|
|2012 Number Of Employees||5,838|
|2012 Total Annual Payroll||$74,221,000|
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.