National Fast Food Franchise restaurant six-years-new with a gross income of $597,117 and a consistent net yearly income of $100,000. The Saladworks concept was developed in 1986 when the first store was opened in Cherry Hill Mall, Cherry Hill, NJ with the idea of providing fresh, made-to-order, entrée-sized salads as an alternative food offering for consumers on the go. Saladworks provided a meal that was healthy, quickly accessible and delicious. Saladworks continually won over new fans with its fresh take on salads. The new hot concept meant an end to the days of chemical-coated tomatoes and brown-tinged lettuce. Salads were made to order, chopped on-location and assembled right in front of your eyes. Appetizing, imaginative salad offerings –served in substantial portions– proved to be a winning formula that took salads from a side dish to the center of the plate. Saladworks grew locally and as the company experienced incredible consumer response, it became obvious that America was ready for a nationwide salad explosion. With the first franchise unit, Saladworks began its rapid ascent towards becoming the nation’s #1 salad franchise. Saladworks has continued to reach successful milestones. In 2013, the first of many international locations opened as Saladworks embarked upon creating fans on foreign soil in areas such as Singapore, The United Arab Emirates and Kuwait. Saladworks is, more than ever, prepared to deliver the ultimate in health-conscious, fan-driven dining. With its trailblazing leadership and sensational, fresh salads, Saladworks’ future as the nation’s #1 salad franchise is a bright one. They believe a salad is only as good as where it comes from and that’s why they source the best growers for bigger taste. They chop fresh all day, every day, from their kale to carrots to quinoa, there promise is as fresh as it gets. At Saladworks, this is where it all began, over thirty years ago. Making salads for the people, because there’s nothing trendy about fresh and there are no rules governing salad. There is no pre-defined right or wrong when it comes to what goes into the bowl. A salad can be whatever you want it to be. That's a level of freedom few foods offer. That's what makes Saladworks America's Favorite Salad. The business assets have an estimated value of approximately $325,000 based on replacement cost. The sale consists of a fully equipped fast food franchise Restaurant which includes a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has five full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $10,300. The business has an assignable commercial lease which expires 2020-01-01 plus additional options, with a gross monthly rent of $7,300, cost per square feet is $33.69 and rent security $10,000. The business is located in a commercial mall which consists of 2,600 square feet and has a capacity for approximately sixty-five customers. The facility has appropriate private mall parking on site as part of the commercial lease. The company is active seven days per week, with hours from 11:00 am to 7:00 pm.
Asking Price $275,000
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