Listing ID: 83362
What a location! Standalone sandwich franchise on a highly-visible route. This well-established restaurant is perfect for someone looking for stable income, wanting to branch off on their own or add to their portfolio of franchises.
Franchise ownership is a great way for a newer operator to break into the food service business. Use the systems, tools and techniques already in place. The franchise is always there for support. You won’t be be alone when you become your own boss. They provides some of the best initial and ongoing training and support by any franchise.
- Asking Price: $299,000
- Cash Flow: $121,000
- Gross Revenue: $611,171
- EBITDA: N/A
- FF&E: $60,000
- Inventory: $7,000
- Inventory Included: N/A
- Established: 1998
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Stand alone building on a highly visible route. Recently renovated using the new corporate branding.
Franchise training is done in-state.
There are other sandwich shops in the area, but not with this brand recognition.
Currently not open for breakfast, they can serve breakfast sandwiches and open earlier than the current 10:00 am.
This Business Is An Established Franchise
The business was founded in 1998, making the business 24 years old.
The sale doesn't include inventory valued at $7,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell businesses. However, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they might state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or a variety of other factors. This is why it is very vital that you not rely completely on a seller's word, yet rather, use the seller's solution together with your general due diligence. This will repaint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering things such as supplies, payroll, accounts payable, etc. Remember that sometimes this can mean that revenue margins are too tight. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise 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 should be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new customers? Most times, companies have repeat customers, which create the core of their day-to-day earnings. Certain aspects such as brand-new competition growing up around the area, roadway building, as well as staff turn over can impact repeat consumers and negatively affect future revenues. One essential thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business regularly, the better the chance to develop a returning customer base. A last idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? How might the local typical family income effect future income potential?