"Meals to Go" Priced Less Than Startup For Sale

Business description

This meal to go business is expected to be profitable in its first year. This business is perfect for you if you enjoy cooking and/or networking with people who want to cook! For personal reasons the owner wants to sell quickly. The asking price of $189,900 is much less than what it would take to start new. This business is turnkey with established clients and new ones being added frequently.

The facility is completely built out per the franchisor's specifications. The estimated value of FF&E is approximately $60K (equipment list attached); however, this does not include the cost of improvements required for the build-out. The store has roughly 3,500 square feet.

Franchise terms

Royalties are 5% of sales.

Property information

Real Estate:

Lease

Lease terms:

Base rent is $3,500 per month on a triple net basis. The lease has roughly three years remaining.

Location:

The location is adjacent to an intersection, which is one of the highest traffic locations in Monroe County.

Other information

Expansion potential:

This business presents an opportunity for someone to enter a business that is relatively new in concept, with sales increasing monthly. The facility is brand new in design and décor. Furniture, fixtures and equipment are of the highest quality and were purchased new and installed in 2007.

This meal assembly business is expected to be profitable in its first year. This business is turnkey with established clients and new ones being added frequently. This meal assembly hosts parties that are catching on quickly and are a great way to generate word-of-mouth referrals.

Competition / Market:

There are few direct competitors other than a few like franchisee locations in the Rochester area. Clearly, there are many indirect competitors in the ready-made “Grab and Go” meal segment but few other food companies who offer consumers an economical option to prepare their own meals.

Support & training:

Even though the location is in operation, there is a complete on-the-job training program for new owners. This will include all aspects of operations, web management, setting up and running a session, inventory control and the food ordering process. Once your store is ready to open, a franchisor representative will come to your location for on-site training and to assist you in getting ready for your grand opening. You will also receive Franchisor Manual to assist you in running your store. An in store manager will also provide initial training.

Reasons for selling:

Personal issues and other business interests are reasons for selling.

Trading hours:

10 AM- 7 PM

Financing available:

$50,000 seller note.

Furniture / Fixtures value:

$60,000 (included in the asking price)

Inventory / Stock value:

$10,000 (included in the asking price)