Category:
8687 - Franchises
Location:
Northern California - South Bay
Business Description:
There has been a Togo's Deli Franchise at this location since 1982 and the current owner is only the second owner in 38 years. Prior to Covid-19 the business had maintained gross revenues of +700,000 for the past four years and has averaged apx. $114,000 in adjusted net income each year. The deli could use some fresh incentives such as expanding catering to local businesses and community development. The potential here is for plus 1 million in gross sales. The monthly gross lease rate (no NNN)is very reasonable @ 2.75 per sq. ft. for a retail end cap location compared to area retail rents. There are some deferred upgrades seller will complete those prior to COE.
Inventory (included):
$6,500
9 Months Ended
9/30/2020
$468,195
(Sales)
$63,704
(Adjusted Cash Flow)
| # of Employees | Full Time | Part Time |
| Non-Owners | 1 | 10 |
| Owners | 0 | 1 |
Hours of Operation
Mon - Thursday + Sun 10:30 / 8:00
Fri - Sat 10:30 / 9:00
Licenses Required:
Monthly Rent Including NNN:
$4,538
Expires:
1/31/2025
Option:
For 5 years
Size(sq.ft.):
1,650
Type of Organization:
S Corp
Reason for Sale:
Leaving Business
Training:
2 weeks 20 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.