Absentee-Operated Food Franchise Business-only in Gainesville, GA - Business for Sale
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Absentee-Operated Food Franchise in Gainesville, GA
Gainesville, GA, US
Added 4 months ago
Food & Beverage Franchise
Absentee / Semi-Absentee
Absentee-operated food franchise located on a grocery store outparcel in Gainesville, Georgia, operating in the food and beverage industry with a 17-year franchise agreement and 16 years remaining on the lease.
Key Information
Asking
$999K
Revenue
$1.4M
Earnings
$160K
Multiple
6.2x
Key Highlights
- Manager's salary is $55,000; owner-operator could potentially take home over $213,000 by eliminating this expense.
- Rent is $9,808 NNN per month with 16 years remaining on the lease (6 years plus two 5-year renewal options).
- Franchise royalties are 5% of sales plus a 2% marketing fee; additional $100 per month POS fee and $17,500 franchise transfer fee.
- Franchise agreement has 17 years remaining with option to extend.
- Business was newly built out 3 years ago.
- Business is absentee-operated and is a franchise.
Contact Info
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