1002 – Exciting Franchise – $349,500
This is an exciting new franchise featuring Italian street food in a very classy setting. The concept is being very well received and patronized. This particular location is in the hub of a very busy shopping plaza anchored by a large grocery store. Close to many public facilities so lots of traffic.
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Gross sales: $1.4m for 2018
Size in sq. ft.: 2,600 sq. ft.
No. of Seats: 63 plus 32 on a newly built patio
Number of Parking Stalls: Shared parking lot with Superstore
Style of cuisine: Italian Street Food
Customer Demographics: Wide range of ages; residents of surrounding communities; visitors to shopping center
Type of service: Table and Counter
Hours of Operation:
Monday to Friday 11 am – 9 pm
Saturday & Sunday 10 am – 9 pm
Number of Employees: 20
Rate per sq. ft.: $40 per sq. ft. $8,676 per month
C.A.M.: $10.08 per sq. ft. or $2,169 per month
Lease Term: 6 years left of a 10-year lease
Option Periods: One 5-year option
Deposit held by Lessor: $17,333.32
Financing: Treat as clear title