Franchise Rice Bowl Restaurant

$290,000

South Orange County

Asking Price: $ 290,000
Type of Business: Franchise Rice Bowl Restaurant
Location: South Orange County
Hours of Operation: 11 am- 9 pm, 7 days
Gross Sales: $ 55,000 monthly
Adjusted Net Profit: $ 11,000 monthly (includes owner salary of $5,000 per month)
Total Rent: $ 5,394
NNN: $ 1,400
Length of Lease: 2020
Options: New option to buyer
Sq. Ft. 1,245
Occupancy: 24
Number of Employees: 7
Full time: 2        Part time: 5
Payroll: $ 10,000
Insurance: $ 600 (WC included)
Gas: $ 400
Electric: $ 1150
Water: $ 100
Phone: $ 190 with Internet
Trash: $ included in rent
Internet and TV: above with phone
Cost of goods: N/A
Business description.

Great opportunity to purchase an established franchise that has been steadily increasing in sales year after year. 2016- $663,00, 2017-2018-current; sales are averaging $684,000 It is part of a new trend of healthier fast-casual alternatives, serving “simple and healthy foods” Non GMO. Located in a highly desirable location. High foot traffic. Located in a busy shopping center surrounded by several national chain stores and restaurants. Business is very clean with good operation to and great staff. Cost of build out approximately $250k. Food Cost 33% $12,500 transfer fee. Royalty is 5% and marketing is 3%. Franchise requires upgrades upon transfer and may be up to $10,000. Seller willing also to pay a half at closing

Call for more details.
(714) 366-5498