S326 - Franchise Restaurant in North San Anto

Franchise Restaurant in North San Antonio

Location

City San Antonio
State TX
County Bexar

Financial Information

Asking Price $185,000 Show Loan Calculator
Down Payment
Annual Receipts $764,000 (proj '10)
Cash Flow $55,000 (proj '10)

General Information

Description Outstanding opportunity for experienced restaurateur to get into a high volume franchise restaurant at a cost that is less than the cost of a new franchise. New franchise locations typically cost between $300-400k. The buyer must be committed to work in the business and have the aggressive mentality of a turn around specialist and have at least 5 years direct industry experience in a managerial or ownership role. This fast casual franchise restaurant is in a superior location in Northwest San Antonio. Traffic counts at the location exceed 77,000/day based on TDOT 2007 traffic count. The current owner has numerous other demands that prevent him from devoting the necessary attention to the business. Even so, revenue is expected to exceed $750,000 this year. The store is in a free standing building at the corner of two very busy streets. The business owner also owns the Real Estate and will sell both the business and the Real Estate for $1.5M. The landlord is prepared to offer flexible lease terms, including a discount for the first six months, for a capable buyer. In addition to on site training from the seller, the Franchisor provides in depth training at its Texas headquarters. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Frank Duringer at 210-348-8989 or info@bbofsa.com.
Reason For Sale Other Business Interests
Franchise Yes
Home Based No
Relocatable No
Year Established 2007
Year Acquired
Employees 16

Building Information

Building Sq. Footage 2948 sq. ft
Monthly Rent 10% of revenue
Real Estate Available No

Contact Business Brokers of San Antonio for more information.