Two decades established nationwide franchise soup & salad location Arlington is available for acquisition. Established in 1994 and has run for 2 decades until the owner acquired the business in 2013. Since the first day of acquisition, the owner has made great strides at renovating the entire facility for fresh new interior as well as increasing comfort ability for customers. Sales are currently at $750K per year which still has a plenty of room for growth. In mid 2014, the owner of the business got rid of corporate coupon distribution which has increased profit margins and increased the amount of middle class individuals coming to this restaurant. The coupons originally created high expense each month for corporate marketing fees, but the business's financial health has gained very positive indication of growth of revenue after removal of the coupons. Additionally the re-introduction of corporate coupons for the new owner of the business could be a method to increase sales in the future of this nationwide franchise restaurant. Proactive marketing is necessary to reach full potential this business can achieve, but corporate marketing has done an ample job at marketing without the owner's involvement. Focusing of evening sales, catering service, flyers, and increases of visibility of the business can prove extremely beneficial to the overall yearly sales. Their menu consists of fresh cut salad, homemade soups, fresh bread, pizza, grilled chicken, and dessert all served in the form of a typical buffet style restaurant. With the increased profit margin of this business, the more proactive work done to this business will bring in lots of revenue for whoever acquires this business.
Furniture, Fixtures & Equipment: $75,000 (Included in listed price)
Inventory: $4,000 (Included in listed price)
Financing: 100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers.
Year Established: 1994
Facilities: Located in a extremely visible end-cap 4,500 SF retail strip center in the hub of a jam packed shopping area with many improvements on-going to present time. All equipment is in great condition and in working order.Support/Training: Training will be provided by corporate for duration of 2 weeks and 1 week at the franchise location for a smooth transition into the operation.
Reason Selling: Operator had to undergo surgery and hospitalization. Would like to focus on family matters first.
Competition: One competitor is within the immediate market area that has been established long before the takeover in 2013, but due to the fresh quality this business provides compared to the competitor's pre-made soups the business demographics differ greatly.
Growth And Expansion: Corporate marketing does a fairly great job at bringing in customers, but increase in local marketing will be extremely beneficial to the increase of sales. Proactive marketing is needed to reach full potential of this business.
Asking Price $225,000
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