Description

Very well-known Franchise family restaurant & bakery with beer & wine, serving a wide variety of classic American food updated with today’s flavors, including signature & famous dishes, located near free way off ramp on a major street in Orange County. With commitment to freshly prepared foods using only the highest-quality ingredients, the restaurant also features a salad bar, freshly prepared home style soups & special varieties of pies.There is a great training, support & advertising campaigns from the franchisor & it is designed to make sure that every owner feels confident about the operation & the business. The current owner is very happy with the business & income but because of some family issue has to sell. Annual Revenue: $1,450,000FF&E: $75,000 (Included in the price)Inventory Not Included in the price) Seller’s Discretionary Cash Flow: $92,000Asking Price: $199,0005500 sq. ft. - rent: $5,250 + $1,525 a month in property tax+ 5% of all sales over $100,000 (Average is $955 a month). lease expires 9-2016. lease option has to be negotiated. Franchise Transfer fee: $1,000. Royalty: 5% of monthly sales. Advertising: 2% of monthly sales.Franchise Training Fee: $35,000.Disclaimer: The information above was furnished by the seller. Broker or its agents have not verified the information and makes no representations as to its accuracy or reliability.

Posted Oct 5, 2014

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