National Franchise soup & salad buffet with prime location is available for acquisition. Established for over 25 years and acquired by the current owner in 2013 from corporate. This well-known franchise salad buffet generates around $700-750K per year in revenues which still has a plenty more room to grow thru more pro-active local marketing that current owner is lacking at this point as an absentee owner. A great foundation of customers has been made over the 2 decades of operation which consists primarily of families, seniors, and individuals from the middle class bracket from the local area. At present time, no local marketing is done within the nearby community. However, corporate provides marketing throughout other locations near the immediate market area. Coupons are also provided to customers and for individuals who have signed up online get provided with promotional discounts or events. No direct competitor within the immediate market area which makes this business stands out more within the nearby businesses around this operation. Owner currently resides outside out the state and is not present at the store. Although the owner is not present at the current time, there's a management system currently in place which lets the business operate smoothly. Roadways beside the store are presently under construction since early 2015; information can be received by examining with the city for an estimate of completion date. Products provided at this operation include soup of day, salads, bread, desserts, fruits, and assortment of dressing home-made for salad topping. Amazing operation that is already established with great management system only makes this business exceed above normal standards. Acquire this soup/salad buffet within an optimal location along with great new renovations of the business.
Furniture, Fixtures & Equipment: $75,000 (Included in listed price)
Inventory: $4,800 (Included in listed price)
Financing: 100% down at the time of closing or 50% cash down with SBA financing for qualified buyers.
Year Established: 1990
Facilities: In front of the operation there's currently construction of roadways which began early 2015. Examining with the city will provide an estimate of completion date. The entire store was remodeled at the end of 2013 with few equipment updates as well.Support/Training: Training will be provided by corporate for duration of 2 weeks and 1 week at the franchise location for a smooth transition into the operation.
Reason Selling: Absentee owner is currently downsizing.
Competition: There's no direct competitor within the immediate market area.
Growth And Expansion: Corporate currently provides marketing with ads, but no local marketing is done at present time. Coupons are also provided to customers along with corporate sending signed customer’s constant promotional coupons or event. Inside the operation has been remodeled with few replacements of certain equipment for better efficiency.
Asking Price $158,000
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