What an opportunity for someone who would like to get into a fun, vibrant healthy fast food concept but not have to start it from scratch. Finding a space, building it out and waiting for breaking even takes time, energy and more $$$$. This franchise has been open for around 3 ½ years and almost 3 of those years have been run by hiring a general manager and shift managers.
The Sellers feel that the potential hasn’t even been scratched due to the fact that both partners are living and working over an hour away from the business. In order to grow the catering and delivery side of the franchise, the business should be owner operated. Until September 2008, the revenues were continuing to rise. They are still holding their own and doing better than the competition during the economic down turn.
There are many advantages to this food franchise, and one of the key pluses is that the new owner is able to take over the old franchise agreement. This should save them quite a bit on royalty fees because it is a flat fee versus a percentage of gross revenues. If revenues stay the same it could mean an additional $12,000 versus what the royalties would be buying a “new” franchise.
Another big advantage is its location! This location could not be better. It is convenient to university students, night life and the business crowd during the week days. It is near hotels, condos and near the convention center. |