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 tracking over $1.3 Million. EBIDTA for an absentee owner is around $190K, and an owner/operator can replace the GM and make closer to $250,000. A buyer would also need to agree to develop 3 additional units by purchasing expansion/development rights from the Seller, who is also the Franchiser.
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 should qualify 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.
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This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval.
The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios.
The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise.
The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.
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 Weinbaum at (770) 714-4552
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