You have accessed this listing information from the VR National database through: This business is listed and represented by:

VR Business Brokers - Milwaukee West, WI
W229 N1433 Westwood Drive #106
Waukesha, WI 53186
(262) 347-2083
www.vrbizlakes.com
timb@vrbizlakes.com
 

VR Business Brokers - Milwaukee West, WI

W229 N1433 Westwood Drive #106
Waukesha, WI 53186
(262) 347-2083
www.vrbizlakes.com
timb@vrbizlakes.com

Business Listing Details

LISTING#:
4181-1254

C0000: Restaurants
1254 Franchise Opportunity in WI, IL and IA
LOCATION: WI, IL and IO
  
ASKING
PRICE

AMOUNT
DOWN

REVENUES:
  
DISCRETIONARY
EARNINGS

TOTAL
ASSETS

Franchisee Profile

Capitalizing on the $75 billion Burger Restaurant Industry, Burger 21 is an innovative fast casual concept seeking franchisees who meet the following criteria:

• Single and multi-unit operators with foodservice and/or restaurant experience
• Possess the resources and ability to open first unit within 12 months and each additional unit at a maximum of 12-month intervals
• Passion for and commitment to exceptional customer service
• Minimum liquidity of $250,000 per unit of interest
• Minimum net worth of $600,000 per unit of interest

Franchise Investment Details

Burger 21 will be developed through both single unit and multi-unit franchise opportunities. The amount of units a franchisee decides to move forward with, is determined through discussions with our Franchise Development team and your (the franchisee's) personal goals. Depending on the real estate site selected, the total cost of investment for one restaurant will be approximately $432,781 - $1,145,436 and the franchise agreement initial term is 10 years. 
The initial franchise fee is $40,000, however:

• A 10 percent discount is only offered on the first initial franchise fee to Veterans in support of the US VetFran program and minorities as defined by the US Census 
• When four to six units are secured in an Area Development Agreement, the franchise fee is reduced to $35,000 per unit. 
• When seven or more units are secured in an Area Development Agreement, the franchise fee is reduced to $30,000 per unit.
• Under the Area Development Agreement, the initial Franchise Fee for each Restaurant after the first one is reduced to half of the franchise fee in effect on the date the Development Agreement is signed and is due and payable each time a Franchise Agreement is signed for a Restaurant to be developed under the Area Development Agreement. 


 
Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. 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. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies.