Business Overview

The Raikes brothers, Larry & Mitch, built their first submarine sandwich shop in Jacksonville, Florida in 1982. They made their very first subs using the highest quality deli meats and cheeses available, topped off with fresh produce delivered daily like iceberg lettuce, vine-ripe tomatoes, and the finest onions. Today, the ingredients have not changed and neither has the brother’s commitment to quality. Larry’s Giant Subs is the only sub-chain out there that focuses on serving healthy and nutritional products. Our Roast Beef is ALL NATURAL, Black Angus USDA choice with no injections. We use Raikes Farms Antibiotic-Free Turkey Breast and Grilled Chicken Breast, which is: Antibiotic Free, Hormone Free & Sustainably Farmed. Our award-winning bread comes straight from Costanzo’s bakery, right in the heart of Buffalo, New York. Take one bite of our Raikes Farms Pastrami and Corned Beef Brisket-“You’ll Feel like in Your Favorite N.Y. Deli”. We use Bumble Bee Albacore Tuna & our chicken salad is made by Sally Sherman using all-white-meat chicken and Hellman’s Real Mayonnaise. We are proud to give our customers what no one else out there can, premium products at every day affordable prices.$10,000 Franchise Fee included in the sale. Please refer to listing number 7101-860489 and advisor Victor Cirillo when inquiring on this listing.

Financial

  • Asking Price: $199,000
  • Cash Flow: $120,718
  • Gross Revenue: $505,240
  • EBITDA: N/A
  • FF&E: $45,000
  • Inventory: $3,000
  • Inventory Included: Yes
  • Established: 2014

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:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 2244 Square Footage: 1,500 Building Type: Strip Terms & Options: 0 Expiration Date: 2/28/2022

Is Support & Training Included:

Seller will train for 2 weeks at no cost.

Purpose For Selling:

Corporate Owned To Franchise

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was started in 2014, making the business 8 years old.
The deal will include inventory valued at $3,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell companies. Nevertheless, the real factor and the one they tell you might be 2 totally different things. For instance, they may say "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be reasons to try to hide the reality of changing demographics, increased competitors, current decrease in incomes, or a range of various other factors. This is why it is extremely important that you not count entirely on a vendor's word, yet rather, make use of the vendor's response combined with your overall due diligence. This will repaint an extra practical image of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that revenue margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract brand-new customers? Often times, businesses have repeat customers, which create the core of their day-to-day earnings. Specific factors such as brand-new competitors sprouting up around the area, roadway building and construction, and also staff turnover can impact repeat customers and also negatively influence future profits. One important thing to consider is the area 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 regularly, the higher the chance to build a returning client base. A final idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the local typical family earnings impact future revenue prospects?