Listing ID: 77112
Which Wich is the Superior Sandwich franchise, serving hand crafted sub sandwiches (with vegetarian/vegan and gluten free options), as well as chips, sodas, and desserts. Which Wich has a huge fan base and 430+ locations worldwide. This store is in a fantastic spot on an ever busy intersection in Orange County and features extremely visible signage, high traffic, and fantastic demographics. This store offers ample parking and quick access to a major freeway.
The owners did a fantastic job building out this location, location, location. The space has several indoor seats and a gigantic, spacious, outdoor shared patio with free-WiFi. The store includes a dual terminal NCR POS system for excellent record keeping, and both the dining room and order hot line are well-lit, clean, and very organized. The kitchen provides a large walk-in refrigerator and freezer, plenty of dry storage, ample food preparation space and a cozy office nook to handle the clerical work. The business is very organized and fully staffed with well-trained employees who follow the standard operating procedures posted throughout the kitchen.
The store was originally operated by a father/son team, who built it up to the #3 performing location in the U.S. The father retired and the son is now a 100% absentee owner whose business interests are clearly elsewhere. The store would be better off with a hands-on owner, and the seller has finally put this established, profitable, sandwich company. This is an opportunity for an owner operator to step in, shave payroll and immediately increase the bottom line. The Seller has gotten this far on word of mouth alone, but a buyer with energy and drive should focus on marketing and catering (the seller doesn’t pursue it) and boost both the profit and revenue in this location.
The seller has done all the expensive buildout, permitting, licensing, hiring, training and growing this location over the past 8+ years, and the local demographics are outstanding. If you are looking for the guidance, training, and support from a well-known franchise, then Which Wich is the opportunity for you. A+ locations don’t come to market often, so reach out to the Agent today!
- Asking Price: $342,000
- Cash Flow: $85,256
- Gross Revenue: $876,226
- EBITDA: $85,256
- FF&E: $35,000
- Inventory: $7,000
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,193
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
Excellent lease terms in an A+ location in high traffic Plaza Fantastic location with national franchise neighbors: Starbucks, Dairy Queen, and Rubio's. 24 Hour Security throughout the plaza Gigantic Shared Patio with Free Wi-Fi for your Patrons! Which Wich's famous brown bag ordering system simplifies ordering for customers. 100% Absentee Owner
Owner and Franchise Will Train
Other Business Interests
The business was started in 2013, making the business 9 years old.
The transaction won't include inventory valued at $7,000*, which ins't included in the suggested price.
The company has 13 employees and is situated in a building with disclosed square footage of 1,193 sq ft.
The property is leased by the company for $6,362 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 completely different things. For instance, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competition, recent decrease in incomes, or a variety of other reasons. This is why it is really important that you not depend totally on a vendor's word, yet instead, make use of the vendor's answer combined with your overall due diligence. This will paint a much more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering things like supplies, payroll, accounts payable, etc. Remember that in some cases this can indicate that earnings margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new consumers? Most times, companies have repeat consumers, which develop the core of their daily earnings. Certain aspects such as new competition sprouting up around the location, roadway building and construction, as well as employee turn over can impact repeat consumers and adversely impact future profits. One essential point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the better the possibility to develop a returning consumer base. A last thought is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the local mean home earnings impact future earnings prospects?