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Northern California Fast Food Chain Snack Restaurant - SC2174
This Northern California based Fast Food Chain Snack Restaurant is a California Sub-Chapter S Corporation and was formed 5 years ago and has been under the same ownership since inception. With a total of 86 locations in California and hundreds across the United States, this Franchise is extremely popular for snack foods, catering trays and party platters. Serving snacks by the bucket, they have been serving and delivering snacks since 1988. This franchise has the philosophy of giving back to the community that has been woven into the fabric of the company since the beginning. Starting as a single farmer’s market stand, this franchise is now the largest of its kind in the world.
Financial Information
Asking Price: $250,000
Cash Flow: $90,000
Gross Revenue: $550,000
Down Payment: $250,000
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is Seller would like to pursue other interests.
Detailed information
Year Established: 2019
Home Based: No
Franchise: Yes
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 2
Part-Time Employees: 10
Contractors: N/A
Owner Worked Hours/w: 30
Adjusted EBITDA: $62,583
Inventory Included: Yes
Inventory Value: $8,000
Monthly Rent: $3,830
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 932
FF&E Included?: Yes
FF&E Value: $25,000
Training/Support
The Seller is willing to provide training at 30 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Market Outlook/Competition
The global fast-food market is projected to grow from $972.74 Billion in 2021 to $1,467.04 Billion by 2028 at a CAGR of 6.05% during the forecast period. Due to increased demand for convenience foods, on-the-go snacks, ready meals, and cold cuts, this market is steadily expanding.
NV 1003039
Listed By: Charise Morojo
Background information
Reference:
SC2174
Year established:
2019
Reason selling:
The reason for selling is Seller would like to pursue other interests.
Finance
Sales:
$550,000
Profits:
$90,000
Operations
Employees:
Full-Time Employees: 2 Part-Time Employees: 10 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $25,000
Inventory:
Inventory Included: Yes Inventory Value: $8,000
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $25,000
Premises
Facility:
Real Estate Available: No Real Estate Included: No Real Estate Value: N/A
Square footage:
932
Rent and lease terms:
Monthly Rent: $3,830
Location:
City: Northern California State: California
Opportunities
Growth:
Fast-food market is projected to grow from $972.74 Billion in 2021 to $1,467.04 Billion by 2028 at a CAGR of 6.05% during the forecast period. Due to increased demand for convenience foods, on-the-go snacks, ready meals, and cold cuts, this market is steadily expanding.
Market:
The global fast-food market is projected to grow from $972.74 Billion in 2021 to $1,467.04 Billion by 2028 at a CAGR of 6.05% during the forecast period. Due to increased demand for convenience foods, on-the-go snacks, ready meals, and cold cuts, this market is steadily expanding.
Price and terms
Price:
$250,000
Down payment:
$250,000
Financing:
Seller financing is not available at this time.
Training:
The Seller is willing to provide training at 30 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.