Business Description Two Togo’s Sandwiches Franchises in Great Location
SIC Code Organizational Form S Corp
General Location Los Angeles
Selling Price $629,000
Annual Revenues $1,200,000 Discretionary Earnings $170,000
Absentee Owner? Y Franchise? Y
Days and Hours
of Operation 7 days a week: 10:30am - 9pm
Year Established 1993 Years Owned 3
Full-Time Employees 10 Part Time 4 Managers 4
Hours Owner Works Absentee
Training & Cost Franchisor will train.
Non Compete 5 miles for 5 years
Executive Summary
Two newly remodeled Togo's Sandwich franchise restaurants for sale. These franchises are in prime locations inside of busy shopping centers surrounded by businesses and a large residential area. You couldn't find a better (or more busy!) location. The shopping centers are anchored by major chains such as 24 Hour Fitness, Starbucks, Blockbuster Video, Circuit City, Toys R Us, Coffee Bean & Tea Leaf, and many other "name brand" businesses which bring a great deal of traffic to the area.Togo's is the perfect franchise for people who are passionate about what they do. As a franchisee, you will be part of a brand with over a 35 year heritage. Be a part of a network of more then 260 franchise restaurants. Benefit from a team that understands the value of brand recognition and extensive retail experience. Have the opportunity to experience the impact of regional and local marketing and advertising programs.
Lease / Building Information
Monthly Lease/Rent $9,850
Square Footage / Dim. 3450 Seating
Rent and Size are for both restaurants.
Assets (Y=Included / N=Not Included / A=Available)
Accounts Receivable N
Licenses N
Inventory N
Type of License
L/H Improvements Y $60,000
Other Assets
Furniture / Equipment Y $200,000
Real Estate N
Total Assets $260,000
Financial Information
Year and Source 2007 Owner to Prove
Gross Revenues $1,200,000
Cost of Goods Sold
Gross Profit $1,200,000
Payroll
Expenses $1,030,000
Net Profit (before taxes) $170,000
Depreciation/Amortization
Interest
Owner Salary
Fringe Benefits
Seller's Discretionary Cash $170,000
On File Information
Marketing Information
Hours & Staffing Currently, the owner is absentee which means there is a lot of potential for increased sales and profits for an owner/operator. Training is provided by the Franchisor.
Company History Don’t risk starting your own restaurant when you can purchase two newly remodeled, busy Togo’s franchises and earn a profit the day you close escrow!
Financial Summary NOTE: Buyer should have a net worth equal to or greater than the purchase price of the restaurant(s); 20% of your net worth must be liquid.Confidential Information Provided to Qualified Buyers Only.
Information contained herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary.