RESTAURANT: FAST FOOD: FRANCHISE - #2217
Seller:
Attn:
Roy Huffman
Location:
Undisclosed, PR, USA
Listing Number:
"2217"
Overview of the Business:
Fast Food: Franchise: The sellers began building their franchised fast food empire in major cities on the north and west coast of Puerto Rico in 1996 with their first location. Now with more than a dozen locations, revenues exceed $9,000,000 with cash flow consistently in excess of $1,200,000. Puerto Rico, a United States possession, requires no passport for travel there for U.S. citizens and enjoys our same favorable business climate. In fact, Puerto Rico contains the largest concentration of #1 in sales stores for many of the fast food franchises. Stores are open for breakfast (15 – 20% of sales) at 7 am and remain busy until closing at 11 pm. With Puerto Rican culture being very family – oriented, it is common for whole families to have meals together at this franchise. All locations are near to each other on major highways, in malls, in major retailers and shopping centers. Full time management (manager and two assist managers) is in place for each store. The manager positions are considered careers and managers have an average tenure of 7 to 9 years. The top executives are 30 to 50 years old: Director of operations (11 years tenure) director of marketing (12 years tenure) director of H. R. (9 years tenure). The sellers are not involved in day to day management and in fact have other real estate development interests to which they wish to devote their full attention. Life in the Caribbean, under U.S. law, making over a $million a year with great opportunity for increased sales and profits…..Of Course!
Property Features and Assets:
Lease Amount: Varies.
Furniture, Fixtures and Equipment: $4,000,000 Included in asking price.
Inventory: $71,500 Included in asking price.
Additional Details:
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