Buy an International Francisor For Sale business for sale in on BusinessesForSale.com

  • Advert ID: 713262
  • (Seller ref: VICTOBC001258)

International Francisor For Sale


SOLD (Subject to Contract)

Location:
Category:
Asking price:
$1,500,000
Sales revenue:
$702,787
Net profit:
$353,437
Employees:
FT: 1, PT: 0

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This internationally successful fast food franchise has come available due to the retirement of its founder. 53 franchised locations have sprung up in the first three years of this franchise which began franchising in 2003, two years after honing the products and systems in the two flagship stores. In this calendar year of 2007 an astounding 50 new locations will open and the same amount is expected for 2008 without consideration of any new franchisees or master franchises. To that end negotiations are in progress with potential master franchisors for 9 more countries. Having previously built a franchise to well over one hundred stores before being bought out by a competitor, the founder built this franchise for his sons. Having finally convinced himself that his sons are sincere in their wishes to go their own direction he has decided to sell operations and retire from the day to day responsibilities of running and growing this franchise and spend more time on his new boat and playing with his grandchildren. This has all been built without the owner giving up his two months in his house on the Mediterranean each year. The owner is available to assist the new owner in the continuing growth of the franchise and will make every effort to ensure a smooth and successful transition of ownership. This is an exceptional and rare opportunity to buy a portion of a company whose founder has been a successful restaurateur since 1972 and has three successful fast food franchises.


Reasons for selling:
Retirement

For more information about this business for sale, click the Contact Seller button.

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