Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$1,600,000	Inventory	$15,000**
Gross Income	$1,500,000	Real Estate
Cash Flow	$500,000	Year Established	2003
FF&E	$750,000*	Employees	52

* included in the asking price

** not included in the asking price

The business has three locations; District of Columbia, Maryland and Delaware. All locations are for sale as a package not individually. Interested parties must complete a Non-Disclosure package which includes a personal financial statement for which proof must be supplied in the form of a letter or document from a bank or other financial institution showing the buyer has the financial capability of completing the transaction. Multi-unit fast food franchise provides the buyer with the ability to open additional units in the above territories. This is a new and popular product offering. Little market competition due to innovative business model and uniqueness of product. The business has an existing customer base in each location with extensive marketing avenues. The business offers a diverse menu with a competitive price point. Each location has an attractive lease with renewal options. Sellers have identified and deployed competitive food vendors and optimized operational costs. Sellers have followed strict accounting practices and have maintained all operational, financial and tax records. 2007 revenues are expected to exceed $1.8 million. This is a highly profitable business and provides great opportunity for an owner/operator to become a successful entrepreneur.

Facilities: Has 3 sites ranging in size from 850 sf to 1500 sf. Good leases 1st one expires in 2013 and has a 10 year option to renew. Current rent all locations is $14,000 p/mo with a total $25,000 security deposit. Build outs were within the past 4 years. Total FF&E estimated at $750,000.

Competition: There is little competition in their niche market.

Growth/Expansion: Add delivery service.

Financing: Some to a qualified buyer

Support/Training: This is a franchise and the franchisor requires a training period of one week at their training facility. Sellers will provide additional training/transition of two weeks on site and on call.

Reason Selling: Pursue other interests