Business Listing Detail Information
|Listing No.:||4181-1254||Restaurants: Restaurants|
|Business Desc:||1254 Franchise Opportunity in WI, IL and IA|
|Revenues||Adjusted Cash Flow||Selling Price||Down Payment|
|General Location:||WI, IL and IO|
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.
|Office:||VR Business Brokers|
|Office Phone:||(262) 347-2083 or (630) 300-4777|