Listing ID: 73581
Established Sandwich Franchise Ranked # 1 located in very busy outlet mall established in 2017. Great location has current franchise store design. Rent is $5,500 per month with the lease expiring 2032. The shop is presently run 100% Absentee. A new owner that can provide more on site presence can take this store to the next level. This shop is located in the Outlet Malls with a lot of foot traffic !!!!
The Asking Price is $199,900
Plus Franchise Transfer Fee: $7,500
Plus Inventory (Food & Paper) Est : $4,000
This Store has Current design and will not need to be Renovated it Meets the Current Franchise Requirements !!!
- Asking Price: $199,900
- Cash Flow: $54,803
- Gross Revenue: $366,223
- EBITDA: N/A
- FF&E: N/A
- Inventory: $4,000
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,003
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
This shop is located in a Very Busy Outlet Mall located on a Major Interstate Highway. The store is well maintained with great equipment. Lease expires August 2022 with Two Additional 5 Year Options to Renew bringing the lease to 2032. Strip Center End Located in Busy Outlet Mall.
The Franchiser will provide two weeks training at their Corporate HQ and an additional week local training in store. Seller will insure a smooth transition.
Seller owns 15 stores throughout Columbus and has decided to sell this location
Owner Operator can drive sales through marketing both in store and catering.
The business was founded in 2017, making the business 5 years old.
The transaction shall not include inventory valued at $4,000*, which ins't included in the listing price.
The business has 1 FT 3 PT employees and resides in a building with estimated square footage of 1,003 sq ft.
The building is leased by the business for $5,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. However, the real reason vs the one they say to you might be 2 totally different things. For instance, they might claim "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be justifications to attempt to conceal the reality of changing demographics, increased competition, recent decrease in profits, or an array of other reasons. This is why it is really crucial that you not depend totally on a vendor's word, however rather, utilize the seller's response combined with your total due diligence. This will repaint a more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that profit margins are too thin. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new customers? Many times, operating businesses have repeat consumers, which create the core of their everyday revenues. Particular aspects such as brand-new competitors growing up around the area, road construction, and staff turnover can impact repeat clients and also adversely influence future earnings. One crucial point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the greater the possibility to build a returning consumer base. A final thought is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? How might the regional typical household earnings impact future revenue prospects?