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ACQUISITION
OPPORTUNITY F-1730
3
Store Chain of Sandwich Shops & Bakery Goods
This local brand name fast food restaurant operation of three stores
offers a homemade food image, along with a low fat menu that appeals
to just about everyone including the weight conscious customer.
The business is easy to operate with little to go wrong in the food
preparation. Product is
delivered to the store frozen with simple baking instructions that a
novice can perform. The menu includes fresh bread, bagels and cookies,
along with a lunch menu of soup and sandwiches.
Each
location is operating with everything in place for a new owner to step
in – either by individual store or as a group of three stores. Hours of operation are 9:00 a.m. to 6:00 p.m. five days a
week and 11:00 a.m. to 6:00 p.m. on Saturday.
This business is being offered for sale
either in its entirety or by single store.
Included in the sale are rights to trademarks, proprietary
recipes and operational systems.
It is believed that a strong hands-on owner (for the group or
by store) can significantly improve the operating results.
The original cost of just the equipment for
the three stores exceeds $240,000.
If the company is purchased in its entirety (preferred), the
offering price for all assets free and clear of debt is $215,000.
The offering price on a per store basis is shown below.
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Locations
(Cincinnati)
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ACF*
2001
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ACF*
2000
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Offering
Price
per
Store
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Net
Profit before deprec.
and
owner compensation
(includes
cost of managers)
2001
2000
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Montgomery area
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$32,000
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$56,000
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$
50,000
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N. Ky. area
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$53,000
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$51,000
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$
75,000
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Hyde Park area
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$72,000
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$70,000
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$110,000
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Three Stores as one operation
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$74,000
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$95,000
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*ACF: The
pretax profit before depreciation and manager salary.
Note: 2000 result shown is 11 months annualized.
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