Listing Number: 80521-863549
Description
This business was established in 2014 as a single location restaurant/bar focused on providing an unmatched experience topped with great food, music, hookah, and drinks. Through the years, the owner opened more locations, and in 2019 decided to franchise through popular demand.
Five years later this business is up to collecting $150,000+ a month in royalties with 22 franchisee owned locations nationwide and 8 more in development including Miami and Houston. This has been accomplished mostly though word of mouth and organic marketing.
A new owner will be in charge of recruiting new franchisees and managing the future of the brand.
With every year the owner has enhanced the model, the platform has been set for a larger group to take this franchisor concept to the next level!
One unit of real estate that is leased to a franchisee is also available for sale. This property is being sold for an additional asking price of $1,000,000.
Listing Details
- Price: $ 1,999,000
- Down Payment: $1,999,000
- Sellers Discretionary Earnings: $ 450,000
- Total Sales: $ 1,499,762
- Location:
- Inventory: $ 0
- FF&E: $ 0
- Employees: 5
- Reason for Selling: Other business interests.
- Category: Restaurants
