Listing ID: 79262
A Fort Lauderdale area Jimmy John’s franchise established in 2012 needs an owner-operator. The restaurant has typical gross sales of about $400K which a full-time owner-operator should be able to increase with the proper marketing and corporate campaign. Long-term lease in place with excellent frontage on Federal Highway, next door to a Chick-fil-a. A qualified purchaser may be able to change the concept with landlord approval. Purchaser is responsible for JJ transfer ($7500) and Lease assignment ($3K) fees. All prospects must provide a PFS. This opportunity may qualify for an investor’s visa. This is an operating unit in need of an operating owner. A new JJ franchise can cost $300K plus depend on location. Please refer to listing number 0101666125, business broker Tom Milana 561-7026867 when inquiring.
- Asking Price: $19,500
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $29,000
- Inventory: $500
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 4412 Square Footage: 1200 Building Type: Strip Center Terms & Options: two - five year options Expiration Date: 1/31/2023
Weeks Training: 30 Cost: $0
Geographical, Other Business Ventures
Non Compete : Miles: 25 Years: 5
This Business Is An Established Franchise
The company was established in 2012, making the business 10 years old.
The deal does include inventory valued at $500, which is included in the listing price.
The business has 12 employees and is situated in a building with estimated square footage of 1,200 sq ft.
The building is leased by the business for $4,412 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. Nonetheless, the true reason and the one they say to you may be 2 absolutely different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competition, recent decrease in profits, or a range of various other factors. This is why it is really vital that you not rely entirely on a seller's word, however rather, make use of the vendor's answer together with your general due diligence. This will repaint an extra sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that revenue margins are too small. Lots of organisations fall into 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 think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new clients? Most times, operating businesses have repeat customers, which create the core of their everyday earnings. Particular factors such as brand-new competitors growing up around the area, roadway building, and also employee turn over can impact repeat consumers and also negatively affect future incomes. One vital thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the higher the chance to build a returning consumer base. A last thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? How might the regional average household earnings influence future income prospects?