Business Overview

FINANCING IN PLACE – ONLY 10% DOWN NEEDED, LENDER PRE-QUALIFIED – Store making over $157,000! Put down $24,500 (10%) to purchase this business and after debt service for first year you will make $127,000!! You will get your down deposit back in 2.5 months!!

SELLER IS PAYING TRANSFER FEE & PAYING $25,000 FOR UPGRADE OF STORE!

This is a well known hoagie franchise in the area with the reputation for the highest quality products. Simple Operation with great working hours. This franchise has great support and easy operational systems. This business is very profitable and best run with a hands on owner. A hands on owner can grow the business with bringing on accounts and doing more promotions. The current owners are not involved in the business since they have other jobs and can’t spend the time growing this store.

Financial

  • Asking Price: $245,000
  • Cash Flow: $157,746
  • Gross Revenue: $510,262
  • EBITDA: N/A
  • FF&E: $140,000
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 2017

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:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Will train for 1 week @ $0 cost.

Purpose For Selling:

Two partners pursuing other business interests.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was established in 2017, making the business 5 years old.
The sale doesn't include inventory valued at $10,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the true factor vs the one they say to you may be 2 entirely different things. For instance, they might claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, current decrease in earnings, or a variety of various other factors. This is why it is very crucial that you not rely completely on a seller's word, yet rather, make use of the seller's solution in conjunction with your general due diligence. This will repaint an extra sensible image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover items like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that earnings margins are too tight. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract brand-new customers? Often times, businesses have repeat clients, which develop the core of their daily profits. Particular elements such as brand-new competitors sprouting up around the location, road building and construction, and employee turn over can influence repeat clients and also negatively influence future incomes. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the better the chance to construct a returning customer base. A final idea is the general location demographics. Is the business placed in a densely populated city, or is it located on the edge of town? How might the local average household income effect future income prospects?