Semi-Absentee Multi-Unit Franchise – $254K SDE, Manager in Place

Established National Donut Franchise — Orange County, CA Corporate Corridor (Semi-Absentee) Established single location of a nationally recognized, made-to-order specialty donut brand, operating inside a premium food hall in one of Southern California's densest daytime corporate trade areas. 2025 revenue of $612K produced $120K net income — a 19.6% net margin, up from 15.8% in 2024. Two-year average Adjusted SDE of ~$134K and ~$132K Adjusted EBITDA on an absentee basis. A dedicated full-time General Manager runs the store and has committed to staying post-close — a true semi-absentee opportunity where a passive investor does not need to work in the business. Manager compensation is fully reflected in operating expenses, so there is no replacement cost to the buyer. The unit operates roughly 30% above the franchise's national average unit volume per the current FDD. Direct landlord lease at a competitive rate with an option extending control into the early 2030s. The franchisor has agreed to assign the existing franchise agreement and waive renewal fees. Asset sale, no transferred liabilities, operating since 2018. Not a distressed sale — owner is reallocating capital to other businesses. Priced on trailing earnings at 3.0x average absentee EBITDA; growth levers (B2B catering to surrounding Class A offices, digital marketing, loyalty) are untouched. The seller's second location under the same brand is offered separately — buyers interested in both units may inquire about package terms. Financing — please read before inquiring: Offered on a cash or seller-financed basis and is NOT an SBA transaction. Buyers requiring SBA or bank financing are not a fit. For a qualified buyer, the seller will carry 25% with a 75% buyer down payment at close; all-cash welcome and may receive preference. Buyer Qualification Requirements: Cash to close: minimum 75% down (~$296,250); plan ~$347K–$362K total including closing costs and working capital. Net worth: minimum $150,000 per the franchisor's current FDD; liquidity sufficient to close without bank financing. Experience & approvals: buyer must qualify with the franchisor and the landlord (net worth/liquidity at least equal to the current tenant, plus restaurant/retail operating capability) and provide a personal guaranty on the lease. Food-service/QSR experience preferred. To move forward: signed personal financial statement and proof of funds required before any confidential details, financials, or site visits. Brand, location, equipment list, and store-level financials disclosed to prequalified buyers after NDA. All inquiries through the broker.