MergerPlace

Modern Fast Casual Restaurant

Grand Rapids, Michigan


  • Asking Price: $250,000
  • Gross Income: $813,000
  • Cash Flow: $100,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $325,000
  • Listing ID: #222902
  • Established: 2020
  • Employees: 20

Business Description

Opened in early 2020, the fast casual franchise boasts an iconic brand emblematic of unique sandwiches and strong traditions. The Company has performed very well in 2020 despite being a brand new concept in the market and battling COVID-19 immediately after opening. The business is positioned well for growth under new ownership.

The Company has promising rewards programs, online services, and has won numerous awards for their delicious food. The business is updated with brand new equipment and a well-trained staff that will make for a smooth transition for a new owner. With over 40 years of experience, these recipes and sandwiches are proven to be successful across the country.
 
The owner would like to sell the franchise to someone seeking a well-established business, an excellent facility, and serious growth potential. The owner hopes to find a buyer who will love the business and community as much as they have, and who will further the outstanding reputation the restaurant has within the community.  
 
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency.  

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Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you. The owner’s contact information will be provided in the CBR. They will be happy to correspond and answer your questions directly. Thank you for your time!  


Business Details

Primary Business Category: Accommodations
Location: Michigan
Metropolitan Area: Grand Rapids

Company Information

Year Established: 2020
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 20

Financial Information

Asking Price: $250,000
Gross Revenue: $813,000
Cash Flow: $100,000
FF&E: $325,000
Seller Financing Available: Yes

Property Information

Facilities:

The business operates out of a fully remodeled, modern facility leased from a third party.

Growth & expansion opportunities:

(1) Expanding Successful Marketing Operations: The Company’s marketing program focuses on the immediate area surrounding each location. The Business vigorously targets a 3 to 5-mile radius using heavy digital strategies, especially in new markets. (2) Open New Locations: This sandwich shop is brand new to Michigan. The Grand Rapids location just opened in March and is the only location in Michigan. A new owner has the ability to open more locations across Michigan. (3) Advertise Catering: Offering catering is an incredible advantage for a fast-casual restaurant. The COVID-19 pandemic has made large gatherings practically impossible, and catering is limited more now than ever as most ballrooms and dining halls are closed. 

Competition:

Investment Highlights Include:  (1) Sticky Customer Base: The business has a very sticky customer base because of the combination of their incredibly delicious food. Additionally, the restaurant offers an attractive rewards program. This loyalty program boosts the average ticket size and encourages customers to return frequently. (2) Quality Product and Services: The same ingenuity and authenticity that make their brand and people so lovable also make their food mouthwateringly delicious. (3) Well-Trained Staff and Lively Environment: The franchise partners have guidance every step of the way. This team will help you master running a tech-driven restaurant and win in your market.

Reason for selling:

Personal reasons/owner health

Support & Training:

Ownership is willing to provide reasonable and customary transition assistance. 

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC