Excellent opportunity to purchase an existing cash flowing cross-iron mills franchise location with low costs and high margins.
The lease has 3 years remaining, and once a buyer is confirmed with an offer, the seller will assist in a lease extension.
One will need to have around $180k down to qualify. A new POS system will have to be rolled out in 2024 for the buyer. Cost is $12,500 for hardware and $4500 installation, $325 per month for software, and $90 per month for head office.
In December 2023 this location produced over $20k in net profit according the updated P +L from this month.
Sellers discretionary income for the past year 2023 was $147,987 with sales increasing year over year.
Currently the all in rent is $12,256 per month.
Price $325k plus $5k training fee to head office
Inquire for more details
