Which Wich Sandwich Franchise for sale in Atlanta, Georgia for $755,000! 7 stores, currently grossing an estimated $3,446,210 and net $574,873. Income based on an absentee owner role. All restaurants are located in busy shopping plazas and seat between 42 and 50 inside and between 10 and 20 outside. Catering service is also offered. Restaurants operate with between 10 and 17 employees in place that are willing to transfer if given the opportunity. Each restaurant is fully built out and includes all equipment. All restaurants are within a 35 minute drive of each other. New owner will need to be approved by the landlords and franchisor, and will be required to attend training for 1 month. Please be advised that the owner will not entertain seller financing, SBA loans, or third party lending. If seeking financing, buyer must be able to borrow against personal assets.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated from all seven restaurants is estimated at $3,446,210.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
Unfortunately there is no seller financing and, this business may qualify for a business or SBA loan. However, if financing is needed for startup cost you can review additional Financing Options Here.
What is required in order to qualify for purchase?
Typically, most franchise restaurants will have liquidity and net worth requirements (to be determined on an individual basis by franchisor), require the buyer to attend an interview for approval, background check, and in most cases, require you to form an entity such as an LLC or Corporation to purchase. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance. Expenses are estimated to be a total of $2,871,337 per year for all seven restaurants.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Are the restaurant properties owned or leased?
Currently the owner leases the properties. Lease terms remain for between 3 and 10 years. New owner must be approved by the landlords. Note: New buyer will sign lease terms with the property owners.
Where are the restaurants located?
Located in Atlanta, Georgia. Physical addresses will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
For each restaurant the current list of equipment includes: Walk-In Cooler/Freezer with Shelving, (2) Refrigerated Counter/Sandwich and Salad Unit, Hoodwich, (2) Oven/Conveyer, Microwave Oven, Mop Sink, Blender, Ice Cream Dipping Cabinet, Electric Food Slicer, Refrigerated Merchandiser, Undercounter Refrigerator, Office and Security Equipment.
What size are the restaurants and how many customers can they seat?
The restaurants range from 1500 to 2100 square feet. They seat between 42 and 50 inside and between 10 and 20 outside.
Do this restaurants currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Do the restaurants offer drive-thru or delivery service?
No, however a catering service is offered.
How long has the seller owned the restaurants?
Seller has owned each restaurant from between 2 and 7 years.
Why is the owner selling?
Owner is pursuing other business opportunities.
What are the hours of operation?
Restaurants are operated 7 days a week. Monday – Saturday is 10am – 9pm. On Sundays the opening hours are slightly shorter but vary from restaurant to restaurant.
What else should I know?
Great opportunity to purchase a portflio of seven established franchises located in well established plazas. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Priced at $755,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.