Established acai franchise opportunity!

, California 11 views 0 favorites

Financial Highlights
Asking Price
$120,000
Revenue
$6,000
Business Description

Here’s your chance to dominate with a single franchise with protected territories in Mill Valley & Burlingame/San Mateo. Ranked #1 in Entrepreneur's Franchise 500 list for the Acai Bowl category and #185 overall in 2021, Vitality Bowls is a hot and growing concept across the US. And the franchise is based in the bay area where growth has been amazing and territories are in high demand, which is great news for anyone wanting to leverage a brand name instead of building your own from scratch. Vitality Bowls just launched a new savory menu that has been highly anticipated by franchisees to bolster our winter sales and appeal to a broader audience. The Mill Valley location has officially launched, and I can honestly say that it has been a big hit! It's delicious and a perfect complement to the acai bowl menu. Mill Valley’s store is located in a shopping center with Whole Foods and CVS providing constant foot traffic year round. We opened in 2019 and the store and equipment is still in excellent shape. Burlingame/San Mateo – This territory is also available if you are interested in expanding your territory. Based on the sales numbers for other stores on the peninsula, this territory is ripe. There’s currently nothing between Redwood City and San Francisco. Why a franchise like Vitality Bowls? It's all about leveraging the brand name. There are 20+ locations around the bay making Vitality Bowls a recognizable name and your customer acquisition costs a fraction of other areas. The opportunity is there for the right operator to take these territories to the bank! Revenue numbers should give you a great idea of the potential across all the territories. Mill Valley: 2019 (Sept-Dec)Revenue: $155,000 2020 Revenue: $473,000 2021 Revenue: $541,000 Prices: - Mill Valley: $120,000 + $15,000 transfer fee. 1278 sq foot store, lease expires 2029 - The additional licenses for San Mateo/Burlingame is $15,000 (the at cost transfer fee) and are only available to buyers of the existing stores. Location: Mill Valley, California Year Established: 2019 Number of Employees: 0 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 1,278 Lease Expiration: 6/1/2029 Growth & Expansion: -Catering will boost profitability enormously. - There a lot of opportunity to increase profit by generating partnerships with gyms and schools in the area. - We are still one price tier below other stores in the area. When you raise the prices, sales/profits will increase

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 21, 2022

Updated: 18 hours ago

Views: 11

Favorites: 0