Summary of Business
This is Franchisor for Sale in the food segment serving a premium, specialized product (call Broker for more info). The franchisor is located in Southern California, but the office is relocatable anywhere. Currently, 30 franchisees pay Royalties to this Franchisor with locations in 5 states. This business was started by the owner operating 1 location. As the business grew, the owner obtained rights to Franchise and trademarked the name and logo. The owner does not currently operate any stores. All 30 are Franchisees. Franchise fees start at $40,000 per location. Royalties are 6% of sales and Advertising is 1.5% of sales.
Prior years sales and profits were higher. The pandemic closed some locations and the Seller hasn't actively sold new Franchisees in 2021. Historically even in 2020, there was an average of $500,000 of additional revenue from the sale of new Franchises.
The Seller has developed new products to bring into the retail stores along with selling new Franchise locations, which will boost sales. The brand has a good name and reputation as a premium product in its segment. This Franchise is ready for new ownership with enthusiasm that will take it to heightened levels of income.
Reason for Sale: Other projects and interests.