Quick Serve Restaurants-Franchise Resale
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| Contact: Ken George 616-648-1132 or Kathy McKee at 616-901-5626 |
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Description The owner of these three nationally known franchise restaurants desires to sell in order to move his family to Kentucky, where he is currently working, while his wife continues to be the general manager at the sub shops back home. Located in attractive strip malls, and averaging 1,650 square feet, the Seller has owned these three midwest Michigan locations since 2002, 2005 and 2008, respectively. Each shop is run with an exceptional part time staff of 8 and seats approximately 40. They all have ample parking and also offer delivery.All three restaurants boast favorable leases, at 10% or less of sales, with options for renewal. Originally outfitted with approximately $100K in equipment, a new owner would have very little maintenance in which to contend. Although sales have been affected by the recent downturn in the economy and the Franchisor’s reestablishing their price points, the Seller has worked on keeping his margins steady. Cash flow was up in two of the three locations in 2009. A very realistic selling price has been established for these sub shops at 32%, 38% and 47% of average three year sales. A prospective Buyer has the opportunity to buy one, two, three or any combination of these locations For additional information, please call Ken George (616-648-1132 or kgeorge@sunbeltnetwork.com) or Kathy McKee (616-901-5626 or kfinn@sunbeltwmi.com).
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