There is a tremendous opportunity for growth with catering and delivery. This listing also includes the attached fro-yo shop, the space and continued to be used for that or another endeavor.
Country: | USA |
State or Province: | MI |
City: | Troy |
Location Zip or Postal Code: | 48083 |
Service Type: | Counter Service/Fast Casual |
Title of Listing: | Which Wich Superior Sandwiches & Fro-yo shop |
Number of Locations: | 1 |
Number of Seats: | Less than 50 |
Size: | 4000, Square Feet |
Patio: | No |
Number of Employees: | Less than 10 |
Hours of Operation: | Sunday 11 am to 9 pm Monday - Thurs 10:30 am to 9 pm Friday - Saturday 10:30 am to 9:30 pm |
Growth or Expansion Opportunities: | YES - Numerous |
Reason for Selling: | Health Reasons |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Website: | www.whichwich.com |
Asking Price: | $350000 |
Gross Revenue Range: | $500,000-$1,000,000 |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Value included in price?: | Yes |
Asset or Share Sale: | Asset |
Real Estate Owned or Leased: | Leased |
Lease Term Remaining: | 1 year with 3 - 5 year renewables |
Total Monthly Rent: | $8000 |
Financial Comments (include any Financing information that may be useful): | The lease term is up at the end of this year. There are 3 - 5 year renewable terms. You can also negotiate a new lease with the landlord. There is also a tenant that is interested in subleasing part of the space which would reduce your monthly rent. |