Business Overview

SIGNIFICANT PRICE REDUCTION!

A great opportunity to buy a well-established gourmet sandwich franchise located in an upscale shopping center in Colorado Springs. The sandwich franchise operation prides itself on the freshest of ingredients made to custom order. The concept is to offer healthy food consisting of fresh bread and the highest quality meats and produce. In addition to this location, the owners have options on two other locations, in essence giving them control of the entire local market.

The location has a solid staff in place, a good combination of full time and part-time employees as well. The store is in an ideal location with great street frontage and excellent visibility. The center draws customers from a university, and with large, major big box anchors such as Home Depot, along with several additional eateries in the same area it ensures continuous traffic flow. The store has been well kept and maintained by the current owners, and ranks in the top 5% of all stores in the franchise. A new owner should be prepared to attend the franchisor’s training program for certification as well receiving training from the owners.

Financial

  • Asking Price: $250,000
  • Cash Flow: N/A
  • Gross Revenue: $652,840
  • EBITDA: N/A
  • FF&E: $185,000
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,800
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Negotiable as required by Purchaser. Franchise required training as well as seller trainig.

Purpose For Selling:

The owners have other business interests that they would like to concentrate on.

Opportunities and Growth:

The owners have effectively managed this store since their purchase, overseeing the daily operations and ensuring customers have a quality product and a pleasant experience. Take-out has always been a large part of the business and has grown with the Crvid virus guidelines. Sales are doing well and now back to pre-Covid 19 levels. With the ability to open two additional stores at your control, a new owner can significantly control the El Paso County market. This would be an ideal situation for a husband//wife or couple partnership or even a large family that would like to own a multi-store franchise and have the benefits of localized management.

Additional Info

The business was founded in 2014, making the business 8 years old.
The sale won't include inventory valued at $10,000*, which ins't included in the listing price.

The company has 12 employees and is located in a building with disclosed square footage of 1,800 sq ft.
The building is leased by the company for $4,741 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell businesses. Nevertheless, the true reason and the one they tell you might be 2 entirely different things. For instance, they might claim "I have too many various obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of other factors. This is why it is very essential that you not rely totally on a vendor's word, however instead, utilize the seller's solution combined with your general due diligence. This will paint an extra reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses take out loans in order to cover points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location draw in new clients? Often times, companies have repeat customers, which develop the core of their daily profits. Particular factors such as brand-new competition sprouting up around the location, roadway construction, as well as personnel turn over can influence repeat consumers and also negatively affect future profits. One essential point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the greater the opportunity to build a returning customer base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the regional average household income impact future earnings potential?