Successful Restaurant For Sale

Business Opportunity for Sale
Catylist Listing ID: 29654674
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $70,000
Name of Establishment: Salad World Grill & Cafe
Business Website Address: www.saladworldgrill.com
Franchise Parent Name: Salad World Grill & Cafe
Year Business Established: 2010
Gross Revenue: $112,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash at Closing
Last Updated: 8/11/2017

Overview / Comments

This is a successful, established location, not a start-up. You are buying a turn-key business, including the furniture, fixtures and equipment. Seller is willing to train the new owner.

This is a prime location as Downtown Evansville is poised for tremendous growth.

Hours of Operation: Mon-Fri: 11:00 am – 3:00 pm Sat-Sun: Closed

Major Expenses:
Rent (includes water): $950/month
Payroll: Typically $2400/month (includes a full-time manager)
Food Cost: Typically 30-35% of sales
Utilities: Ave. $795/month
Royalties to Franchise: 7% of weekly sales

Owner’s Sale Time frame: Immediate sale preferred

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Industry Segment: Restaurants
Reason for Selling: The current owner owns and operates both the downtown and west side Salad World locations. Managing two locations keeps him busier than he wants to be. Because the west side location was his first venture, he wants to concentrate his efforts there.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Rent is $950 per month. Landlord will be delighted to renew the lease for the new owner.
Employee/Labor Description: Payroll is typically $1200/month. This includes a full time manager.
Mgmt/Training Support Description: Seller will train the new owner.
Growth/Expansion Opportunities: While this is already a profitable business, the new owner could easily boost sales by selling beer and wine, adding evening and weekend hours, and promoting catering and delivery options.
Seller Financing Description: Salad World is a successful franchise. You will be supported by a sound corporate structure with 35 years of experience in the food industry. Corporate assists with graphics, design, legal, and co-op advertising.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,682 67,946 134,212
Median Age: 40.28 36.28 37.69
Households: 3,703 28,460 57,568
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