Franchise Deli with Starbuck’s – 10 yr Lease - No Rent - No Utilities
Business Description
Located in the northwest section of Houston in a high-end business area. The deli is about 2,750 sq. ft. and the building is just under 207,000 sq. ft. More important than the size of the building, is that between 7 am and 5 pm, the
building has a foot traffic of about 1,100 people. Historical data shows delis of this type usually gross between $1.50 and $1.75 per person, per day. This reinforces the reported sales revenue. [The deli was only open about 3 months
before the Covid Virus closed many businesses. Many businesses reduced their number of employees or allowed them to work from home.] In addition to the daily foot traffic, there is a major tenant with an evening shift that has between 400 and 500 people between 5 pm and 11 pm and about 300 people on Saturday.
building has a foot traffic of about 1,100 people. Historical data shows delis of this type usually gross between $1.50 and $1.75 per person, per day. This reinforces the reported sales revenue. [The deli was only open about 3 months
before the Covid Virus closed many businesses. Many businesses reduced their number of employees or allowed them to work from home.] In addition to the daily foot traffic, there is a major tenant with an evening shift that has between 400 and 500 people between 5 pm and 11 pm and about 300 people on Saturday.
About the Business
- Years in Operation
- 14
- Employees
- 4
- Franchise
- This business is an established franchise
- Facilities & Assets
- Established: 2011, Employees: 4 (Including manager.) Deli Size: 1,767 Square Feet
Monthly Rent: 6% – Includes CAM and all utilities. (See Lease for details.) Reopened and rebranded 6 months ago. Lease: Expires August 30, 2033. Saturday & Sunday: Closed Current Building Occupancy: 700 people. Potential Occupancy: 3,000 people. Monthly Sales (June 2024): $28,000 - 2,964 tickets - Avg. ticket $9.42.dd - Market Outlook / Competition
- Situated in an area to expand catering.
About the Sale
- Seller Motivation
- This is how the franchise network expands,
- Transition Support
- Seller (Franchisor) will train.
- Financing Options
- Seller may finance up to 50%.
Listing Info
- ID
- 2295850
- Listing Views
- 3584
Attached DocumentsAttachment Disclaimer
Listing ID: 2295850 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Similar Listings
