Business For Sale Listing 153576
Three Unit Deli Franchise, w/Peak Holiday Sales
Status as of Dec-1-2008 at 06:00 PM: Active
Business Summary
This Deli Franchise is located in the Houston Metropolitan Area. Located in upscale shopping centers in the Houston area providing family atmosphere dining. Opportunity provides three existing locations with Development License rights for 2 additional stores.
Business has four revenue streams: Gourmet Deli, Catering, Corporate Sales with large seasonal Holiday sales. The chain includes the franchise's #3 performing location with two addition stores. Seasonal business (Oct./Nov./Dec.) make up 60% of annual gross profits. These stores come with a developed and established catering program.
Opportunity for Growth - One store has been open since 1987 with the two additional locations opened in 2007. These two locations have not been open long enough to maximize the sales potential, although they are seeing a 20% growth in 2007.
Each facility maintains the franchise branding. Menu provides home-style cooked meals at a reasonable price in a clean home-style dining environment.
Motivated seller. The owner's other restaurant chain is requiring liquidation of this business.
Assets: $371,000
Annual Receipts: $1,262,000
Owner Finance: Depends on Buyer
Location #1 Open 1987
Lease Space 2,800 SF
Gross Monthly Lease $6,558
Lease Expiration/Option 10-31-16
FF&E $67,000
Location #2 Open 9/07
Lease Space 2,400 SF
Lease Expiration/Option 9-25-17
FF&E $152,000
Location #3 Open 12/07
Lease Space 3,150 SF
Gross Monthly Lease $7,437
Lease Expiration/Option 12-16-27
FF&E $152,000
Statistics for 2007:
Employment 25FT/23PT
Average Sales/SF $505
Working Owners: Passive Owners
Holiday Sales $934,153
Royalties & Marketing 4% & 4%
Gross Monthly Lease $6,124
Gift Certificates $163,885
Payroll/Month $13,311. Average
In-store Sales $266,051
This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.
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