MEAL PREPARATION FRANCHISE ORANGE COUNTY
Seller:
Attn:
Jeanette Bailey
Location:
not disclosed, CA, USA
Listing Number:
"jbddjb"
Overview:
Nominated as Business of the Year for the 2nd year in a row by their city. An innovative concept in meal preparation that eliminates menu planning, shopping, prep-work and clean-up by moving the meal assembly process out of people’s kitchens and into specially equipped stores. This concept enables customers to provide their families with nutritious, wholesome, home-cooked meals with less stress.
It’s a value proposition. Owner says customers save on average 28% or $200/month on their food costs when they use this meal preparation service on a regular basis.
At scheduled sessions, customers assemble dinners to serve 3 (medium) or 6 (large) per meal at stations organized so that guests rotate from one to the next. Stations have all the ingredients needed for a particular dinner from main ingredients to sauces to seasonings with easy to follow instructions posted. Fresh and pre-cut. Store in your freezer.
Why You Should Consider this Acquisition Opportunity:
1. Profitable from day 1 of opening 18 months ago. Customer base growing steadily. Incentives to customers to return.
2. Franchise territory owned is 55,000 households vs. new territories of 5000 people.
3. Upscale demographics in family oriented Orange County. Freeway easy access. Located in anchored shopping center with heavy foot-traffic. Advantageous lease.
4. Totally compliant to Franchisor current franchise model. No remodel required.
5. Celebrity chef will be providing recipes. NEW.
6. Culinary experience NOT required. Franchisor provides all the recipes, ingredients and cooking instructions with entrees changing monthly.
7. One owner may be willing to stay on part-time. Knows the customers.
8. Asking price below franchisor estimated investment for new franchise build-out, fees and working capital required of $250,000 to $370,000.
About the Business:
1. Shorter hours than retail. Open for business 15 to 20 hours per week. Staff 3 to 4 people per session. Part-time employees usually work an hour before and an hour after each session.
2. Franchise started in 2003 and has over 200 franchise units open. A turnkey operation, with on-going professional franchise support, training at the home office, website presence, operational support and reporting tools, monthly changing entree & recipes.
3. First full year, 2007, revenues very strong. Customer retention around 50%. First quarter 2008 revenues have dipped a bit but with more local advertising owners expect it to rebound.
Property Features and Assets:
1,583 square feet. Rent is $2,951. Lease expires 2012 with 1-5 year option. Ample parking.
Additional Details:
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