Businesses For Sale

Business Type: 
Burger Franchise
Location: 
Orange County
Asking Price: 
$575,000
Listing #: 
PCBB #397
Gross Sales: 
$2,166,533
Cash Flow: 
$375,592
Summary: 
Location 1 of 3 available in Orange County, PCBB # 397 This recognizable Gourmet Burger Restaurant offers a full service casual dining experience and is located in a high profile shopping center in Orange County. The brand has strong recognition and social foodies love the concept. The franchise has over 100 stores and the locations are all strategically positioned in areas with strong demographics. There is a 47 (full liquor) license included with the business. Lease: The lease is good through October 2022. The landlord has very strict qualifying guidelines and Buyers must also have strong financials, good credit, and restaurant experience. Income/Cash flow: The Sales in 2016 were $2,166,533 and the adjusted net income $295,592. There is an $80,000 add back for owner salary based on the business operated by a full time owner operator. Sales from January-June 2017 were $999,496 and net income of $113,065 (without adjustment or salary add back) but Q 3 & Q 4 sales generally increase by 5-7%. SBA: The Business has been pre-approved for SBA financing based on 25-35% cash down but can be subject to change. Loan would be 5 years to match lease .Buyer will also need to have strong financials, good credit, and previous restaurant experience. Other 2 locations: The Seller is offering 2 other Orange County franchised locations. All stores can be purchased separately or part of a 3 store package. For more information refer to PCBB # 391 and inquire within. Detailed Information Inventory:Not included in asking priceReal Estate:LeasedBuilding SF:N/ALease Expiration:N/AEmployees:30 +Facilities:The store is 2,800 sq. ft and has excellent visibility and close to the major freeways along with residential and commercial trafficGrowth & Expansion:This franchise has drawn great reviews from its customers. This is a proven and recognizable brand that continues to get more exposure and there is strong franchise support.Financing:CashSupport & Training:Franchise TrainingReason for Selling:The partners have decided to pursue other opportunitiesFranchise:This business is an established franchise