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Profitable Franchise for Sale Cleveland OH Area with Expansion Opportunity

Ohio

spoon
CERTIFIED PRE-OWNED
_2023-06-21_11_14_nnfood.jpg
SOLD

FOR SALE - SOLD

$599,000

Listing #10025

$1,282,082

Gross Sales

$213,084

Owner Benefit

Listing

  • Listing#:10025
  • Price: $599,000
Buying an existing franchise is a fast path to earnings when a Franchise for Sale produces sales like this one in the Cleveland, OH area!  Historical revenue has increased from $1.1 Million to $1.2 Million, with 2023 sales at $1.3 Million.  EBIDTA for an absentee owner is around $150,000 with Discretionary Earnings of $212,000.   The Seller/Owner is the Franchiser and the ideal candidate is a buyer who would also need to agree to develop 3 additional units by purchasing expansion/development rights making this acquisition a stepping stone to being a multi-unit operator.
 
The Restaurant Brokers (website) love opportunity presented for existing locations like this one with six-figure earnings and high sales.  Profitable Franchise for Sale in the Cleveland, OH area with Expansion Opportunity.  This opportunity has already been pre-qualified for SBA financing with our resources.  Buying this Franchise business provides the security of existing cash flow from a business that has a successful track record and continues to produce results.  The lease on this 2800 square foot restaurant is $10,565 per month, including base rent, CAMS, taxes, and insurance.  The lease and renewal options extend through 6/30/39.
 
Purchasing a Franchise for Sale like this one from We Sell Restaurants provides the support and training of an established brand.  This includes initial training as well as ongoing training and support from the company’s Franchise Business Consultants, preparing a buyer to expand to additional locations while the profits grow as you become a multi-unit franchisee.
 
The use of their trademarks, systems and processes are all a part of this Franchise Restaurant for Sale.  Royalties are a reasonable 5% on net sales.  The food is the passion at this brand, where fresh ingredients and superior quality of the middle eastern inspired cuisine is served in a customizable and approachable modern service format that is enticing to all types of guests.  The brand has been repeatedly recognized for its outstanding food in the popular fast casual space.
 
Ready to operate this Franchise Franchise for Sale and grow to be a multi-unit owner?  Contact We Sell Restaurants to draft a purchase agreement today!  Interested Buyers will be asked to agree to confidentiality and provide proof of liquidity of $800,000.   Additionally, you will be introduced to Franchise leadership for approval as a Franchisee for the brand.

By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
Please click on the tab below to easily acknowledge confidentiality on this Franchises for sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Steve and Cyndi Weinbaum at (770) 714-4552

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.

Business listed by Steve and Cyndi Weinbaum, .

Buying an existing franchise is a fast path to earnings when a Franchise for Sale produces sales like this one in the Cleveland, OH area!  Historical revenue has increased from $1.1 Million to $1.2 Million, with 2023 sales at $1.3 Million.  EBIDTA for an absentee owner is around $150,000 with Discretionary Earnings of $212,000.   The Seller/Owner is the Franchiser and the ideal candidate is a buyer who would also need to agree to develop 3 additional units by purchasing expansion/development rights making this acquisition a stepping stone to being a multi-unit operator.
 
The Restaurant Brokers (website) love opportunity presented for existing locations like this one with six-figure earnings and high sales.  Profitable Franchise for Sale in the Cleveland, OH area with Expansion Opportunity.  This opportunity has already been pre-qualified for SBA financing with our resources.  Buying this Franchise business provides the security of existing cash flow from a business that has a successful track record and continues to produce results.  The lease on this 2800 square foot restaurant is $10,565 per month, including base rent, CAMS, taxes, and insurance.  The lease and renewal options extend through 6/30/39.
 
Purchasing a Franchise for Sale like this one from We Sell Restaurants provides the support and training of an established brand.  This includes initial training as well as ongoing training and support from the company’s Franchise Business Consultants, preparing a buyer to expand to additional locations while the profits grow as you become a multi-unit franchisee.
 
The use of their trademarks, systems and processes are all a part of this Franchise Restaurant for Sale.  Royalties are a reasonable 5% on net sales.  The food is the passion at this brand, where fresh ingredients and superior quality of the middle eastern inspired cuisine is served in a customizable and approachable modern service format that is enticing to all types of guests.  The brand has been repeatedly recognized for its outstanding food in the popular fast casual space.
 
Ready to operate this Franchise Franchise for Sale and grow to be a multi-unit owner?  Contact We Sell Restaurants to draft a purchase agreement today!  Interested Buyers will be asked to agree to confidentiality and provide proof of liquidity of $800,000.   Additionally, you will be introduced to Franchise leadership for approval as a Franchisee for the brand.

By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
Please click on the tab below to easily acknowledge confidentiality on this Franchises for sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Steve and Cyndi Weinbaum at (770) 714-4552

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.

Business listed by Steve and Cyndi Weinbaum, .

Lease Term expires 6/30/28

Monthly Rent $10,565

Indoor Seating 63

Inside Sq. Ft. 2,798

Hood System Yes

Hours 10:30 a.m. - 9:00 p.m. Deliver 11:00 a.m. - 9:00 p.m.

No. of Part-Time Employees 0

No. of Full-Time Employees 14

  • Profitable Cleveland Area Franchise For Sale
  • 2023 Sales $1.3 Million, +14% vs 2022
  • $212,000 Discretionary Earnings / $150,000 EBITDA for an absentee Owner
  • Multi-Unit Opportunity - Buyer would also purchase three development rights
  • Long term lease with options through 2039

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