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Grab & Go Food Franchise Opportunity for an Absentee Owner

Grab & Go Food Franchise Opportunity for an Absentee Owner
Listing
1735
Deal Pending
Essex, Norfolk and Bristol Counties, MA
Revenue
$1,657,681
Cash Flow
$398,915
Asking Price
$1,300,000
Asking price details
Equipment included: $260,000
Business Description

This is an excellent opportunity to take advantage of current consumer trends favoring convenient foods at affordable prices. This business is positioned to weather any current or future impacts of Covid-19 as opposed to larger restaurant establishments because its operating model is smaller, high traffic locations (thereby higher ROI per square foot rent) and fewer employees. The “grab and go” food model utilized focuses on cleanliness and allows customers to observe food preparation, thereby eliminating concerns regarding sanitation.

A qualified buyer must receive franchise approval and 40 hours of training. Additionally, managers are required to have a Serve Safe Certificate (which all current managers have). The owner may also get a Serve Safe Certificate, but it is not required.

All three locations reside within busy shopping malls. The malls and the respective stores are in excellent condition and are well maintained. The stores are all within about a 30-minute drive of one another.

Growth Expansion and Opportunities
Beyond the growth anticipated in the industry, the new owner could also choose to take advantage of growth opportunities unique to the business including:

• Expand to additional locations: Opportunities now exist to expand by taking over available rental inventory in other malls.

• Develop More Active Ownership: While the new owner need not become heavily involved in the day-to-day operations of the business, more active ownership may provide additional opportunities for growth.

• Add Online Delivery Systems: An online delivery system could increase profits without adding new products. These systems, such as Door Dash, cost about $50 per month.
Support & Training

The sellers will provide training and support to ensure a smooth transition

Terms
It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Broker

Erin O’Leary

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  • Grab & Go Food Franchise Opportunity for an Absentee Owner

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