Listing Number: 57971-87199
Master Franchise for the State of Georgia for sale for a burger restaurant. What does that mean? That means that if someone opens a location in Georgia, you receive a $12,500 franchise fee and continue to receive royalties for the life of the location! Royalties and franchise fees earned ARE NOT reflected in Gross and Net numbers reflected below.
In addition to the Master License, the price includes ownership of four independent restaurant locations. One in Charleston, SC; Brunswick, GA; one in Kingsland, GA; and one in Waycross, GA. Together they gross over $2 million, take home over $256,403, with over $1.3 million in assets. All locations are self-sufficient and capable of being run by absentee ownership. The Master License and individual restaurants are turn key investments.
Seller is selling because of time constraints put on him by his other business. He is willing to sign a non-compete agreement and provide the new owner with training at no additional cost. This is a national franchise, which will provide national training in addition to the owner training. This business is SBA pre-approved.
- Price: $900,000
- Down Payment: $90,000
- Sellers Discretionary Earnings: $256,403
- Total Sales: $2,055,398
- Location: Glynn, Georgia
- Inventory: $78,564
- FF&E: $629,263
- Employees: 97
- Year Established: 2015
- Reason for Selling: Other ventures
- Category: Restaurants