Listing ID: 83522
Sales and profitability are climbing rapidly at these long-standing and successful Jimmy John’s stores, including multiple drive-thru locations! Jimmy John’s unwavering focus on its industry leading delivery model and continued innovation with Mobile payment and On-line ordering have perfectly positioned the brand for even greater future success. This is the first time these great locations have been offered for sale and the current owner has been operating successfully for 15+ years! These stores are ripe for more growth with a new owner.
Jimmy John’s is one of the fastest growing and industry leading Fast-Casual franchise systems in the country. This business is a proven franchise with consistent performance. Multi-unit, well established and HIGHLY PROFITABLE.
These restaurants have a loyal customer base and tremendous ongoing growth potential in the communities they serve. They are in ideal proximity to each other and have adjacent Delivery Zones. The stores are well maintained, and the owner has kept immaculate books and records, allowing for an easy ownership transition of this TURNKEY multi-store operation.
Headquartered in Champaign, IL, Jimmy John’s was founded in 1983 and now boasts over 2800 units nationwide. In September 2016, a majority stake was sold to Roark Capital, a private equity firm also invested in Arby’s, Sonic, Auntie Anne’s Pretzels, Wingstop and Cinnabon, among others. A simple menu and great product, with only the freshest ingredients, sets Jimmy John’s apart in the sandwich QSR segment
Jimmy John’s has been one of the fastest-growing restaurant chains in the U.S. in recent years, opening more than 200 locations per year for the past several years, and more than 98% are franchise-owned. Jimmy John’s proudly creates over 200 new jobs every week.
Interested in additional Information?
1) Contact the Broker, Jeff Percey, at 804-357-3243 or email: email@example.com.
2) Complete the Confidentiality Form to be provided by the Broker.
3) Upon our receipt of your completed Confidentiality Form, we will contact you and provide you with specific data for this business opportunity.
- Asking Price: $8,599,000
- Cash Flow: $1,622,406
- Gross Revenue: $10,074,877
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Strong & Adjacent Delivery Territories…These stores serve customers from multiple medical centers and hospitals along with schools, car dealerships, universities, businesses, and residential communities. The stores are in high-traffic centers with excellent visibility and access, plus strong co-tenancy and draw from the surrounding areas. There are fantastic leases in place at each store, all with multiple renewal options – consolidated occupancy costs are only 5.2% of sales, contributing to high profit margins.
Comprehensive training provided by the Franchisor, ensuring you are ready to own and operate these already successful Jimmy John's Gourmet Sandwich franchises.
The Seller is Retiring.
1) Opportunity for major growth in 2022 and beyond with the scheduled openings of multiple new medical facilities and offices in the immediate delivery areas. 2) Returning to normal operational hours. Certain locations have been operating a shortened schedule due to Covid-related staffing constraints.
This Business Is An Established Franchise
The business was established in 2002, making the business 20 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell companies. However, the genuine reason and the one they say to you may be 2 completely different things. As an example, they might say "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 try to conceal the reality of transforming demographics, increased competitors, current decrease in earnings, or a range of various other reasons. This is why it is extremely important that you not count absolutely on a seller's word, yet instead, make use of the seller's answer combined with your total due diligence. This will paint a much more reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover points like inventory, payroll, accounts payable, etc. Remember that in some cases this can mean that profit margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new clients? Many times, businesses have repeat clients, which create the core of their daily profits. Particular elements such as brand-new competition sprouting up around the location, road construction, and employee turn over can impact repeat customers as well as negatively impact future incomes. One crucial point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the better the opportunity to build a returning customer base. A final thought is the general location demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Exactly how might the local average family earnings effect future revenue potential?