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xPrime State St. Location W/heavy Foot Traffic Perfect For Franchise Or Other Concept-bring An Offer!

Santa Barbara, California : Restaurants
Listing #2822

Prime State St. Location W/heavy Foot Traffic Perfect For Franchise Or Other Concept-bring An Offer! RRC#: 2822 Asking Price: $100,000 Location: Santa Barbara, Santa Barbara County, California Yearly Revenue: $317,940 Yearly Cash Flow: $46,800 Monthly Rent: 8300 with triple net LISTING DESCRIPTION: Perfect for an operator wanting strong exposure and high foot traffic. Seller is currently operating a national franchise yogurt shop but the seller can cancel the franchise agreement to allow for a new or different concept. It is located on a major street surrounded by shopping, dining and entertainment with heavy foot traffic. The owner is absentee and the store is run by a strong, experienced manager with ample training. Sales records are verified by franchise software and corporate POS system. The equipment is well maintained and in good working condition. Training is offered thru corporate. Franchise transfer fee is approx $3500-$5000. Royalty fees are 6% on sales and 2% for advertising. Lease is offered thru a corporate sublease. Fully equipped. Seller currently has two locations for sale. GENERAL INFORMATION: Organization: LLC | Year Established: 2016 | Current Owner: 2016 | Parking: Public lots | Licenses Required: Health Dept, Dairy, City License | Days Open/Hours: Sun-Thurs 12PM-10PM, Fri-Sat 11AM-11PM | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $317,940 | Yearly Cash Flow: $46,800 | LEASE INFORMATION: Monthly Rent: 8300 with triple net | Lease Expiration: Oct 2018 | Lease Option: Yes, 5 year | Security Deposit: Yes |

Asking Price:

$100,000

Gross Income:

$317,940

(last 12 months)
Cash Flow:

$46,800

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Prime State St. Location W/heavy Foot Traffic Perfect For Franchise Or Other Concept-bring An Offer!

RRC#: 2822
Asking Price: $100,000
Location: Santa Barbara, Santa Barbara County, California
Yearly Revenue: $317,940
Yearly Cash Flow: $46,800
Monthly Rent: 8300 with triple net

LISTING DESCRIPTION:
Perfect for an operator wanting strong exposure and high foot traffic. Seller is currently operating a national franchise yogurt shop but the seller can cancel the franchise agreement to allow for a new or different concept. It is located on a major street surrounded by shopping, dining and entertainment with heavy foot traffic. The owner is absentee and the store is run by a strong, experienced manager with ample training. Sales records are verified by franchise software and corporate POS system. The equipment is well maintained and in good working condition. Training is offered thru corporate. Franchise transfer fee is approx $3500-$5000. Royalty fees are 6% on sales and 2% for advertising. Lease is offered thru a corporate sublease. Fully equipped. Seller currently has two locations for sale.

GENERAL INFORMATION:
Organization: LLC | Year Established: 2016 | Current Owner: 2016 | Parking: Public lots | Licenses Required: Health Dept, Dairy, City License | Days Open/Hours: Sun-Thurs 12PM-10PM, Fri-Sat 11AM-11PM | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $317,940 | Yearly Cash Flow: $46,800 |

LEASE INFORMATION:
Monthly Rent: 8300 with triple net | Lease Expiration: Oct 2018 | Lease Option: Yes, 5 year | Security Deposit: Yes |


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