Normalized Cash Flow: $53,700
What they do – the short version:
- Prepare sandwiches and other fast foods for customers
- 10 years in present location
- Good traffic base
- Perfect for a husband & wife team
FranCo is a franchised outlet of major sandwich chain and is located in the far northwest of metro Edmonton. They have been in business well over ten years and enjoy an established customer base. Three years of complete financials and a full equipment list is available to qualified buyers. Price includes any fees transfer levied by the franchisor.
They serve their customers seven days a week. Breakfast is not emphasised. Lunch is their busiest meal. Their supper and late evenings are ok to good. A new operator should be able to grow a good breakfast business.
As a franchise, most of their supplies come from a single provider who delivers on a regular schedule the following day. They find it most efficient to keep about two weeks of non-perishables on hand.
Staff consists of the owner and one full timer. Business could grow without needing more staff.
Other than certain specialized equipment, the owner is able to keep the operational equipment in good working order without the need for outside maintenance.
They have a good WCB record. There has never been a claim.
This is fast food operation catering to both ‘take out’ and ‘eat in’ clientele. Customers tend to be repeats so there is lots of room for growth for a new more dynamic operator.
Three years of financial statements and a complete equipment list is available for qualified buyers.
Q Why you are selling?
A. Wife is very ill.
Q In your words, what does the firm do?
A Mostly we make ‘subs’. Great subs. People love them.
Q What functions does the owner perform? What talents will the new owner have to replace when you leave?
A. The new owner will need to manage, make subs during the busy periods, serve customers, enter sales into the computer, place orders . . .
Q. Will the new owner need to be approved by the franchisor?
Q. Will the new owner have attend training?
A. Yes. Three weeks
Q How long will you stay after the sale to help in the transition?
A. Negotiable. A new owner should be able to run on his own inside two weeks.
Q Will you agree to a non-competition clause?
Q Who should by this business?
A. This is ideal for a husband and wife team.
Q Where do think the business has a competitive advantage?
A. We make better Subs.
Interested? Next steps:
1. Fax / scan the non-disclosure document
2. Phone discussion
3. Release of financial information
4. Meeting with seller and tour of premises
5. Discussions that may lead to a deal
The information on contained in this document has been provided from sources believed to be reliable. You must seek independent verification of these facts through due diligence before taking any action based on this information.