Listing ID: 67658
If you have been looking for a franchise to invest in, this package of Firehouse Subs Franchises for Sale is it! This multi-unit opportunity has massive sales of $1.5 MILLION and owner earnings of $161,000. This two-store package deal in the Salt Lake City area qualifies for SBA lending.
This is an investor’s dream. This package of Firehouse Subs Franchises for Sale is a two-store package that has a combined sales of $1.5 Million. Sales breakdown per store are: $901,000, and $651,000. Earnings for an owner operator come in at an impressive $161,000.
These Firehouse Subs Franchises for Sale offered by We Sell Restaurants have had strong sales, even through 2020 and will finish out the year strong! Established since 2014 they have created a steady stream of loyal customers that you inherit when you purchase these money-making stores.
Located in the Salt Lake Area, these Firehouse Subs Franchises for Sale are in great locations and come fully equipped. Similar in size, they operate in 2,150 and 2,000 square feet respectively. Leases at favorable terms, the all-in rent is $6,750 and $5,640 per store which includes alll CAMS, taxes, and insurance charged by the landlord. The lease for both stores are up in 2025 and would include any additional terms remaining.
These stores are turn-key and come with everything you need to continue these great sales. Equipment such as cold tables, upright freezer, coolers, tables, racks, and more is included in the purchase price. Catering is a great revenue source at these Firehouse Subs Franchises for Sale, the new owner gets the benefit of these strong relationships that have already been built.
With a staff totaling thirty, between the two stores these Firehouse Subs Franchises for Sale are running smoothly and already setup for success. The knowledgeable and well-trained staff are already in place, and experienced managers that would most likely be willing to stay on for the new owner if needed.
When buying into an award-winning brand like these Firehouse Subs Franchises for Sale, you are buying into a support system. A training and transfer fee of $10,000 per store will cover the cost of training and the remaining terms of the franchise agreement. Firehouse Subs provides six weeks training so you can walk in the door and continue the successful operations. You also have the peace of mind knowing that you have the support of the brand. Royalties of 6% and Marketing fees of 3% are no problem with high sales stores like these.
Qualified candidates with strong backgrounds and 20% down, could be approved for lending in a matter of days on these Firehouse Subs Franchises for Sale. Our Certified Restaurant Brokers can get you in contact with our lending resources to begin the process.
Great Brand, Multiple Stores, High Sales, and Incredible Earnings! This is a recipe for success and these Salt Lake City Area Firehouse Subs Franchises for Sale has proven themselves since 2014. Call today for more information.
- Asking Price: $480,000
- Cash Flow: $161,494
- Gross Revenue: $1,553,442
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,150
- Lot Size:N/A
- Total Number of Employees:30
- Furniture, Fixtures and Equipment:N/A
PROVO 8 Chairs Tall 58 Chairs regular 3 Child High Chair 2 5 Stainless steel table 3 8 Stainless steel table 1 6 Stainless steel table 1 6 True cold table 1 5 True cold table 1 Artic Air commercial upright freezer 1 True Display cooler 1 Kolpak 6 x 8 cooler 1 Slicer Stand 1 Meet Slicer 1 Ice Make 1 Ice Bin 3 Firehouse Garbage cans 25 2 person Firehouse customer tables 2 4 person handicapped Firehouse tables 1 Sentury safe 1 Printer fax 9 6 18 wire rack shelves green 20 5 x 18 wire rack shelves green 13 4 x 18 wire rack shelves green 2 3 x 18 wire rack shelves green 32 Wire rack 6 uprights green 16 Wire rack casters 19 Single wire rack wall mounts 6 Double wire rack wall mounts 1 Stainless steel 3 compartment sink 6 Round up Steamers 1 Complete 2 terminal POS Aloha 1 Back of house Desk Top Computer 1 Toaster AF 4 Chairs Tall 52 Chairs regular 8 outside tables 32 outside chairs 3 Child High Chair 2 5 Stainless steel table 3 8 Stainless steel table 1 6 Stainless steel table 1 6 True cold table 1 4 True cold table 1 Artic Air commercial upright freezer 1 True Display cooler 1 Artic Air 6 x 8 cooler 1 Slicer Stand 1 Meet Slicer 1 Ice Make 1 Ice Bin 3 Firehouse Garbage cans 22 2 person Firehouse customer tables 2 4 person handicapped Firehouse tables 1 Amsec 1 Printer fax 9 6 x 18 wire rack shelves green 20 5 x 18 wire rack shelves green 13 4 x 18 wire rack shelves green 2 3 x 18 wire rack shelves green 32 Wire rack 6 uprights green 12 Wire rack casters 10 Single wire rack wall mounts 6 Double wire rack wall mounts 1 Stainless steel 3 compartment sink 6 Round up Steamers 1 CO2 Tank 1 Complete 2 terminal POS system Aloha 1 Back of house Desk Top Computer 1 Toaster
6 to 8 Both managers will be staying with the company. FHS provides 6 weeks of training
Two major universities order on a regular bases Catering a a very big source for both locations
Highly respected franchise very connected and supported by the community and have done very well during the pandemic
This Business Is An Established Franchise
The venture was started in 2014, making the business 8 years old.
The company has 30 employees and is located in a building with disclosed square footage of 4,150 sq ft.
The property is leased by the business for $12,390
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. However, the real reason and the one they tell you might be 2 completely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or a variety of various other reasons. This is why it is extremely essential that you not rely totally on a seller's word, but rather, make use of the seller's response in conjunction with your total due diligence. This will repaint an extra realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies finance loans in order to cover points like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that revenue margins are too small. Numerous companies fall under 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 may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new clients? Often times, operating businesses have repeat customers, which develop the core of their everyday profits. Particular variables such as brand-new competitors growing up around the location, roadway building and construction, and employee turnover can influence repeat customers and adversely impact future incomes. One crucial point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the higher the opportunity to build a returning customer base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the local median home income effect future income prospects?