Multi-Unit Little Caesars with Real Estate (All locations)

Marlette, MI
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Asking Price:$2,100,000
FF&E:$450,000
Established Year:1985
Inventory:$15,000
Real Estate:$1,000,000
BUSINESS DESCRIPTION

3 Little Caesars Locations with Real Estate

3 Little Caesar's with real estate available for each location.
Businesses - $1,100,000 and 3 Real Estate is $1,000,000

Per Franchisor regulations, Buyer needs to contact agent and complete non-disclosure agreement and personal financial statement prior to receiving sales and cash flow information. Little Caesars is one of the largest and fastest the growing pizza carry-out chains in the world with restaurants on five continents. Franchisor requires a minimum of 700 credit score, $350,000 net worth or 70% of purchase price, whichever is higher with $150,000 liquid cash or 20% of purchase price, whichever is higher. IRA and 401K not acceptable as liquid, only items that can be liquidated within 24 hours. Restaurant experience is preferred.


DETAILED INFORMATION
Location
Marlette, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Employees
43
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All FF&E in good and working condition, buyer will be given an opportunity to inspect the FF&E on or prior to close of escrow.
Competition
All 3 locations have been in business over 20 years with loyal local customer base. All locations are located in central business areas with plenty of parking and visibility from the street. 2 of the 3 locations have drive thru windows. The current minimum wage in MI is $9.87/hr.
Growth & Expansion
Growth in brand via new development and/or acquisition of existing units. For further detailed information please visit www.franbiznetwork.com and register.
Financing
SBA or Conventional Lender with 15 - 20% down
Support & Training
6 Weeks of Training in Detroit MI and approved LC franchise
Reason for Selling
Retiring
Franchise
This business is an established franchise
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Carter Asefi