Established Profitable Gourmet Burger Location For Sale
Due to a family relocation, for sale is one of the premier locations of a growing gourmet burger franchise in Toronto. Backed by an established franchise organization, the business has been growing year-over-year and is on pace for reaching $1M in 2014/2015. With COGS accounting for less than 35% of Sales, this is a high profit margin business that is already cash flow positive and poised for further growth as the location has established itself in the community and is surrounded by Class A tenants as well as high net worth households.
This business can be successfully operated with no requirements for specialized or technical skills beyond hard work and the desire to provide a great service for customers. Additionally, the business owner will be able to receive outstanding support from the franchisor in terms of marketing activities, which will be able to give the business a boost in attracting customers.
To purchase this business, a buyer will need to raise equity of $200,000, as a business loan of $250,000 is already in place with a banking institution that is assignable to the right qualified buyer. The low working capital requirement, in combination with the high-end leaseholds and equipment, make this an exceptional opportunity.
Assets (Book Value): $505,000
Inventory (incl): $10,000