Specialty Franchise Restaurant
Specialty Franchise Restaurant
Specialty restaurant in an affluent Austin suburb that is part of a strong Texas franchise brand. Simple menu and fun, family environment. The business opened just over a year ago and is quickly becoming a community staple with the local school district and community organizations. Acquisition of this business includes a mobile unit and development rights for a 2nd store! The current lease runs through 2028. Strong forward looking Pro-forma.
Location
Country: | USA |
State or Province: | TX","TX |
City: | AUSTIN |
Location Zip or Postal Code: | 787 |
Listing Information
Service Type: | Counter Service/Fast Casual, Drive Thru, Food Truck |
Title of Listing: | Specialty Franchise Restaurant |
Year Established: | 2018 |
Number of Locations: | 1 |
Number of Seats: | Less than 50 |
Size: | 1750, Square Feet |
Patio: | Yes |
Number of Employees: | 11-50 |
Hours of Operation: | Monday - Thursday:12:00PM - 9:00PM Friday:12:00PM - 10:00PM Saturday:12:00PM - 10:00PM Sunday:12:00PM - 9:00PM |
Growth or Expansion Opportunities: | The business includes development rights for a 2nd unit. The business is becoming a staple in the community with well established school district and community relationships |
Reason for Selling: | Family |
Owner Operated or Absentee Owner or Flexible: | Flexible |
Training Provided: | Yes |
Financial Details
Asking Price: | $550,000.00 |
Gross Revenue: | $343,000 |
Gross Revenue Range: | Under $500,000 |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
FF&E Value (Furniture Fixtures and Equipment): | $465,000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $10,000 |
Inventory Value included in price?: | Yes |
Asset or Share Sale: | Asset |
Real Estate Owned or Leased: | Leased |
Lease Term Remaining: | Lease expires 12/31/2028 |
Total Monthly Rent: | $6788 |
Financial Comments (include any Financing information that may be useful): | The business was about break even in year one and has a strong forward looking proforma. Utilization of the mobile unit has enhanced the business significantly and help lift the business even during these turbulent times. This business is well positioned for the future. |
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