- City Baltimore
- State Maryland
- CountryUnited States
Not Relocatable
This franchise is located at Harborplace Mall, heart of Baltimore's Inner Harbor,within walking distance of the best of Baltimore's many tourist attractions.
It's est in 1998.
Baltimore's Inner Harbor is one of the most photographed & visited areas of the city. It has been one of the major seaports in the USA since the 1700's & started blossoming into the cultural ctr of Baltimore in the 1970s. Distinct in function and form, locals and visitors alike enjoy Baltimore's Inner Harbor and the surrounding neighborhoods that offer a variety of fine dining, cultural experiences and exciting nightlife.
There is a manager who has been on staff for 13 years, at an annual salary of $30k. There are 2 shift leaders making about $8 hrly and 2 to 3 crewmembers at $7 to $7.50 per hr.
A new owner-operator or an operator who doesn't have other business obligations can further reduce the food costs, which are already low, to achieve a higher bottom line.
The store is open 10 - 8 Mon-Sat 10 - 6 Sun
This biz occupies 540 sq ft & is easily manageable. A long-term lease of 10 yrs will be offered to new buyer. Rent is $5,300 (inc CAM, RE taxes, utilities).
This brand has incredible name recognition. It's hard for passers-by to resist stopping and getting something. The products themselves are the best advertising needed. The business has a history of reaching an annual gross revenue of over $400,000. New owner can potentially increase income by setting up a satellite location in a different location from the store.
Seller financing is not possible as Seller currently owes $265,000 on SBA loan. Broker can assist with obtaining another SBA loan for qualified buyers.
Owner has plans to pursue joint ventures with others.
Buyer shall be responsible for the franchise transfer fee ($3,000) and any lease assignment/application fee if applicable.
Disclaimer: MergerNetwork.com has not independently verified any of the information in this listing and makes no warrany as to its accuracy or completeness.
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