Listing ID: 73468
Well established long term Subway Franchise in business for over 10 years with the current owner. The operation is within walking distance of a local college and in the middle of very strong retail and office growth. This business is fully equipped and has meet recent remodeling requirements from the Franchiser. There is a low cost lease that has been executed on this space, so operating costs are very low. Great opportunity for an owner operator to come in and drive sales and profit up.
- Asking Price: $75,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $3,000
- Inventory Included: N/A
- Established: 1991
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
1,200 SF in line space located in downtown Delaware setting with high level of foot traffic in the surrounding market. Space has small dining room (26 seats)and a back storage area with walk-in cooler for product storage. This location has recently been remodeled and is not required to be renovated again for several years.
Franchisee requirements - New Franchisee and expanding franchisee will have a fee to pay outside of the acquisition price. Franchiser approval and training will be required.
Owner has other business interests
Great walking market with strong growth in the immediate retail surrounding. Traffic to this area has double in the last few years.
Great opportunity to take over a turn key operations and improve on the customer service and community involvement.
The business was founded in 1991, making the business 31 years old.
The sale won't include inventory valued at $3,000*, which ins't included in the listing price.
The business has 3 employees and resides in a building with disclosed square footage of 1,200 sq ft.
The real estate is leased by the business for $1,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell companies. Nevertheless, the real factor and the one they say to you may be 2 entirely different things. For instance, they may say "I have too many other commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in profits, or an array of other factors. This is why it is really essential that you not count entirely on a seller's word, however instead, use the vendor's answer combined with your total due diligence. This will repaint an extra reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that earnings margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new consumers? Most times, companies have repeat customers, which create the core of their everyday earnings. Particular elements such as brand-new competition sprouting up around the area, roadway building and construction, and also staff turnover can influence repeat customers and adversely affect future earnings. One essential point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the chance to build a returning customer base. A final thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood median house income influence future income potential?