Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Established Franchise Deli In Office Building
(Restaurants)
Dallas, Texas
Listed Price: $ 80,000
Listing ID: 000984

Listing DetailsDown Payment: $ 25,000
Gross Revenue: $ 160,135
Cash Flow: $ 34,632
FFE: $ 30,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Reason for Sale:

Health Issues


Training & Support:

While Corporate will provide comprehensive hands-on training, the current business owner will provide training and support to make the transition as seamless as possible.


Listing SummaryBusiness Description:

Prime location franchise deli in an office building with its own additional entrance for the public is now available for acquisition. This deli shop was established by the previous owner in 2003 and was acquired by the current owner in 2014. This business occupies a 1,797 SF space inside the office building that is conveniently located just off the major highway of the city in heavy traffic areas. Most of the customers are the office building employees and more than 80% of the building space is already occupied and will be 100% occupied in June 2020 which can be resulted in additional revenues up to $900-$1000 per day. Competition is expected in this industry, but there is no single competitor inside the building. This business is not only accessible to its office employees, but also to the public since it has another entrance on the side of the building with highly visible signage for the general public. While there is a national gas station right next to the building where this business is occupied but this actually helps to draw more foot traffic and many walk-in customers to the business from outside of the office building. Various menu items are provided at this deli shop that ranges from subs, sandwiches, paninis, pitas, wraps, salads, burritos, and coffees & drinks with a free delivery option within 1 mile with a minimum purchase of $20. Gross sales of this deli shop have been consistent for the last several years running at around $170K-176K per year without any marketing except through corporate ADs and word of mouth within the office building. Although some marketing is in place thru corporate, proactive marketing methods within the building need to be fully utilized since this franchise can easily benefit from spreading awareness which will increase the sales and customer acquisition from the remaining building occupants and other nearby office buildings. There are many ways to proactively market this business such as direct mailing, daily specials, office events, social media outlets, 3rd party delivery, and catering services. Utilization of catering services is necessary as many corporations will use this service for large gatherings which is common throughout the area and will allow this franchise to spread awareness of their services in the local area outside the building. This is a great opportunity to acquire a franchise deli for a potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the city.


Competition:

There is one gas station close to the business, but this gas station draws huge foot traffic and many walk-in customers to the business.


Potential Growth:

Some marketing is in place through corporate, but local marketing within the office building will be the key to grow the business.


Financing/Terms:

100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1797
Facilities:

This business is located in a 1,797 SF office building that has many offices that surrounding this facility as other small businesses and warehouses. All equipment is in good condition and in working order.


OperationYear Established: 2003
Absentee Owner: No