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#5858
Palm Beach Restaurants For Sale

Established National Sub Franchise with a Great US Reputation.

$209,000
Established National Sub Franchise with a Great US Reputation.
This Listing is Expired

Reason for Sale: Downsizing; Established National Sub Franchise with a great US reputation. With approximately 1,160 locations throughout the United States, Puerto Rico and Canada, this franchisor was recently ranked number 60 in the 2019 Entrepreneur Franchise 500 Fastest-Growing Franchises list. This business gives a buyer the opportunity to join an organization that is still young and, on its way, up. Owner Benefit is a working owner adding back the manager salary. Perfect books & records. All sales on the tax returns. All employees W2. Visa qualified. Landlord franchise transfer fees are buyer's responsibility. Rarely do we see a resale of this franchise brand on the open market.

President Russell Cohen DRE License #SL679527

Lease

Region:
Palm Beach Restaurants For Sale
Lease Term:
12/31/2020
Total Monthly Rent:
$4,000

Financials

Last Year's Annual Gross:
$406,708
Last Year's Owner's Cash Flow:
$40,946
Last Year's Food Cost %:
29%
Last Year's Payroll Cost %:
25%

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
5
# of Working Owners:
10
Hours Open:
Open 7 days 10:30-9 pm
Year Established:
2014
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
30
Outdoor Seating:
8
Inside Sq. Ft.:
1,556

Highlights

  • National Franchise Brand
  • Rare to the market
  • Great reputation in Sub Franchise space

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 23,278 73,464 187,236
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,925 27,864 72,293
2010 Persons Per Household 2.53 2.19 2.10
Median House Value $175,400 $202,761 $173,988
Income Per Household $45,173 $51,398 $47,573
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 838 2,709 6,553
2012 Number Of Employees 15,146 49,596 157,112
2012 Total Annual Payroll $265,098,000 $943,269,000 $3,723,323,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Murphy Business & Financial Services LLC. ("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. In addition, Broker uses SellingRestaurants.com as an advertising source for Broker's Listings and in no way is SellingRestaurants.com involved in receiving a commission for its services. 


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