Smoothie and Sandwich Franchises For Sale Chicago - Illinois
Smoothie and Sandwich Franchises for sale in the Chicago, Illinois region for $375,000! Minimum of $35,000 down. Pre-approved for SBA financing. Seller is also willing to provide some financing. Two established franchise opportunities, currently grossing an estimated $693,858 and net $82,788 with sales showing an upward trend. Income based on a passive owner role. There are 24 employees that split time between both locations that are willing to transfer if given the opportunity. Unique opportunity as both restaurants are located in university campus buildings, one seats 100+ and one seats 36. Hours of operation are according to university's academic calendar. Closed on all major holidays! Both locations pay a percentage of sales in lieu of rent, with all utilities included. Includes all restaurant equipment. Owner offers 2 weeks in-store training, plus an additional 1 week training at the franchise corporate training center in Atlanta, Georgia. This franchise offers a menu of healthy, flavorful food including smoothies, sandwiches, wraps and salads and this is a great opportunity to break into this market at a time when consumers are focusing on healthy living and looking for healthier eating options. Huge growth potential to expand catering and delivery business both on and off campus! New owner will need to be approved by the franchisor.
Frequently Asked Questions:   Price: $375,000   Cash Flow: $82,788   Financing: Yes   Listing: Active
What is the current gross revenue for these restaurants? The current gross revenue being generated is estimated at $693,858.
How do these restaurants profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance these restaurants? Yes, this business has been pre-approved for financing of up to $315,000 plus the seller is willing to offer some financing. An estimated $35,000 is required down (amount needed is variable depending on buyer’s liquidity and credit score). Buyer must also meet the minimum SBA requirements for lending to include: a minimum credit score of 680 and relevant experience in the restaurant industry, or some type of previous management experience from another industry. View SBA loans or more Financing Options Here.
What is required in order to qualify for purchase? Typically, most franchise restaurants will have liquidity and net worth requirements (to be determined on an individual basis by franchisor), require the buyer to attend an interview for approval, background check, and in most cases, require you to form an entity such as an LLC or Corporation to purchase. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: royalties, payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance. Expenses are estimated to be $610,770 per year (Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
Are the restaurant properties owned or leased? The owner currently leases these properties.
Where are the restaurants located? Located in the Chicago, Illinois region. Physical addresses will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: reach-in refrigerator, reach-in freezer, ice machine, blenders, and Turbo Chef oven.
How many customers can these restaurants seat? One location can seat 100+, the other location can seat 36.
Do these restaurants currently have a beer or liquor license? No, there is no beer or liquor license included with this sale.
Do the restaurants offer drive-thru or delivery service? There is no drive-thru or delivery service, but catering is offered at both locations with a huge opportunity to expand this side of the business.
How long has the seller owned the restaurants? Seller has owned one location for 6 years, and one location for 5 years.
Why is the owner selling? Owner is pursuing other business opportunities.
What are the hours of operation? These restaurants are operated according to the university's academic calendar. During Fall and Spring semesters, one location operates from 8:30am - 4pm Monday through Friday. The other location operates from 9am - 10pm Monday through Thursday, 9am - 8pm Friday, and 10am - 6pm Saturday. Both locations are closed on Sundays. During the Summer semester, one location operates from 8:30 to 3pm Monday through Friday, the other location operates from 11am - 7pm Monday through Friday, and both are closed Saturday and Sunday. Locations are also closed on all major holidays.
What else should I know? Established franchise opportunities. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. This restaurant has a great reputation and brand recognition. The franchise brand is growing at a rate of 15% per year. Great employee longevity! Priced at $375,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.