Listing ID: 67369
This was the first Jon Smith Subs franchise to open in Virginia and the owner is looking to retire. This restaurant has been at the same location as a Suffy’s for over 20-years until it converted to Jon Smith Subs two years ago. Great Take-Out and Delivery business, with pandemic hardened concept. Master area agreement available from Franchiseor. Fresh ingredients, grilled or cold subs, wraps, salads, and other goodies make this the Subway killer!
The total investment necessary to begin operation of a new Jon Smith Subs Restaurant is from $309,500 to $615,790.
DON’T MISS THIS!!! ONLY $75,00 to $100,000 cash needed to buy this store! All employees will stay! Store can be absentee owner.
This concept is growing with over 60 stores nationwide. The only sub shop that offers fresh and grilled sandwiches with fresh cut french fires!
This business is expandable with outside sales, catering, and on-line delivery services.
- Asking Price: $299,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell companies. Nevertheless, the genuine factor vs the one they tell you may be 2 entirely different things. As an example, they may say "I have too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or an array of various other reasons. This is why it is very essential that you not rely totally on a vendor's word, however rather, use the seller's answer combined with your general due diligence. This will paint a much more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that revenue margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new customers? Many times, operating businesses have repeat customers, which form the core of their everyday earnings. Certain variables such as brand-new competition growing up around the location, roadway construction, and employee turnover can influence repeat consumers and negatively influence future incomes. One vital thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the higher the possibility to build a returning consumer base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the neighborhood median family earnings impact future revenue potential?