Newk’s Eatery Franchise Group for Sale is UNDER CONTRACT – Three Unit Metro Atlanta Package – Sales $10M & Profitable –

by Steven Josovitz

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Newk’s Eatery Atlanta for Sale.

Three-Units for sale. Not sold individually.

Profitable.

No expenses spared on the state of the art build out and design.

Full Management and Staff in place for seamless transition.

Newks is Regional chain offering a menu of salads, pizzas & sandwiches in a casual setting.

Million Dollar build outs.

Purchase includes territorial rights to open two additional units with half of the franchise fees paid already.

Unit One:

5,000/sf end-cap located in nationally anchored lifestyle center.

Established November 2011.

Opening costs $1,100,000.

  • 2016 Gross Sales $2,917,801
  • 2016 Net Profit $430,960
  • 2017 Gross Sales $3,318,344
  • 2017 Net Profit $455,514
  • 2018 Gross Sales $3,394,814
  • 2018 Net Profit $357,910 was lower than in 2017 due to Management Training Salaries for the new unit.
  • 2018 personal add-backs for all three-units combined totaled $200,000.
  • 2019 Gross Sales averaging $60,000 to $70,000 weekly.

Management salaries: GM $55,000, AGM $50,000, Assistant Manager $42,000 plus all are on a bonus program.

Sewer and Electric run about $4,200 monthly.

Staff: 12-FOH with an average rate of $9.00/hr. and Kitchen Staff of 20 at approximately $11.00/hr.

Royalties are 6.5% including Marketing Fees.

Franchise Transfer Fees are $20,000 per unit.

Priced at $1,750,000

Unit Two:

4,500/sf freestanding restaurant located in nationally anchored center.

Established December 2016.

Opening costs $1,170,000.

  • 2017 Gross Sales $3,036,251
  • 2017 Net Profit $291,127
  • 2018 Gross Sales $3,332,774
  • 2018 Net Profit $228,802
  • 2018 Net Profit was lower than in 2017 due to Management Training Salaries for the new unit.
  • 2018 personal add-backs for all three-units combined totaled $200,000.
  • 2019 Gross Sales averaging $60,000 to $65,000 weekly.

Management salaries: GM $50,000, AGM $42,000, Assistant Manager $40,000 plus all are on a bonus program plus two-hourly shift Supervisors at $15.00/hr.

Sewer and Electric run about $4,200 monthly.

Staff: 15-FOH and Kitchen Staff of 20 at approximately $11.00/hr-$13.00/hr.

Royalties are 6.5% including Marketing Fees.

Franchise Transfer Fees are $20,000 per unit.

Priced at $1,500,000 ( Unit Two may be purchased separately )

Unit Three:

3,400/sf end-cap located in a nationally anchored center.

Walk-in box located on the exterior.

Established December 2018.

Opening costs $1,300,000

2019 Gross Sales averaging $40,000 to $45,000 weekly. Owner project sales to exceed $50,000 weekly.

Management salaries: GM $55,000, AGM $45,000, Assistant Manager $40,000 plus all are on a bonus program.

Sewer and Electric run about $4,200 monthly.

Staff: 12-FOH and Kitchen Staff of 20 at approximately $9.00/hr-$11.00/hr.

Royalties are 6.5% including Marketing Fees.

Franchise Transfer Fees are $20,000 per unit.

Priced at $1,300,000

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