Business Overview

Headquartered in Jacksonville, FL, Firehouse Subs was founded in 1994 and fast approaching 1,500 locations nationwide. Featuring second-to-none sub sandwiches and a commitment to the communities they serve, Firehouse Subs is a daily affirmation that serving good food and doing good belong together. Franchisor requires a minimum of $80k to invest and a credit score of 650+.

Financial

  • Asking Price: $1,750,000
  • Cash Flow: $470,947
  • Gross Revenue: $4,925,450
  • EBITDA: $470,947
  • FF&E: $150,000
  • Inventory: $36,000
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:95
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

All FF&E to be in good working condition prior to change over.

Is Support & Training Included:

Franchisor offers 6-8 weeks training.

Purpose For Selling:

Other business interests.

Pros and Cons:

Prime locations near busy shopping areas with big box stores.

Opportunities and Growth:

Growth in brand via new development or acquisition of existing units.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was founded in 2011, making the business 11 years old.
The deal won't include inventory valued at $36,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell operating businesses. However, the genuine factor vs the one they tell you may be 2 totally different things. As an example, they may claim "I have too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competitors, current reduction in revenues, or an array of other reasons. This is why it is really crucial that you not rely absolutely on a vendor's word, but rather, use the seller's answer combined with your total due diligence. This will repaint a more realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that revenue margins are too tight. Numerous companies fall under 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 take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be satisfied or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location attract brand-new customers? Many times, businesses have repeat customers, which create the core of their daily profits. Certain variables such as brand-new competitors sprouting up around the area, road construction, and personnel turnover can influence repeat customers as well as negatively affect future incomes. One vital point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the opportunity to construct a returning client base. A final thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the regional median household earnings effect future earnings potential?