Fast Food Restaurant For Sale in Los Angeles

Fast Food Franchise

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Listing Number:

30499

Status:

Off The Market

Business Type:

Accommodation & Food Services - Fast Food Restaurants

Location:

Los Angeles

Price:

$75,000

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Located right across from Mt. San Antonio College in Walnut, CA, this very popular and upscale sandwich shop concept is especially designed for today's quality-conscious customers who demand a tasty, fresher alternative to the fast food competition, especially with the recent addition of several low-carb alternative menu items. Its well-known, name-brand franchisor has a 22-year history of success and was one of the fastest growing sandwich chains for 2003, with over 2500 restaurants throughout the U.S. and 13 foreign countries, and a new location opening every 16 hours.
This is a discretionary sale by an absentee, private equity group owner with 30+ other locations, intended to enhance efficiency by streamlining group management oversight through concentrating their holdings within a smaller geographic area. Seller is willing to sacrifice $$ in order to sell this location before the initial term of the current lease expires mid-June, 2004. Seller has just a short time in which to decide whether to exercise it's 1st of two 5-year lease options. Second Quarter 2004 sales are up 8% over 1st Quarter, and an ambitious owner-operator who can effectively market to a campus/student community should do quite well. Seller is seeking a solid, entrepreneurial individual interested in owning and personally operating his or her own franchise, ideally a hands-on individual who takes pride in building their own business and serving a quality product to their community.
Franchisor requires new franchisees to have a minimum $125K net worth with $75K in liquid assets and a minimum FICO (BEACON) score of 670 (approximate), no personal bankruptcies, and must pass basic English and math proficiency tests. In addition to the sale price, the Buyer will also pay for a Franchise Transfer Fee ($6,250), physical upgrade (approximately $3K), Grand Opening advertising and promotional costs ($3 - $4K), and inventory & supplies ($4K- $6K).

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