This is a highly profitable Mr. Pickles Franchised Sandwich Shop well located in a busy commercial section of the East Bay established since 2016 with the same owner
This is a highly profitable Mr. Pickles Franchised Sandwich Shop well located in a busy commercial section of the East Bay established since 2016 with the same owner. Sales and profits have increased during COVID with sales up 26% in 2021 through the first quarter. Net income is projected to be $187,780 based on 1st quarter 2021. The business has a great lease:
Lease expiration including options: May 30, 2036 (15 years)
Monthly rent including NNN: $3,250 with 2% annual increases including options.
Training is offered by the franchisor for a $5,000 transfer fee. No experience is required.
There is currently a full time manager. The owner currently works 4 days a week and will jump in as needed, give breaks and is responsible for human resources with the manager responsible for other day to day duties. 80% of their business is take out including door dash, on line ordering through Mr. Pickles APP and catering.
Premier fast casual food establishment in the area. Main food destination for all the local nearby businesses, office buildings, and health system networks. Take out sales went from 60% prior to COVID to 80% currently. Modern on line ordering benefits this business and will allow it to grow in the future because of its excellent location and system of delivery. This is the business model that is best suited for the future.
Seller owns two other Mr. Pickles and will be able to be a mentor for guidance after the sale.