Listing ID: 83550
Extraordinary opportunity to purchase a high-volume and very profitable multi-store Jimmy John’s network, including two drive-thru locations, one with Property included! 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. These stores are ideal for more growth with a new owner and are being offered at a time when financing is both available and appealing for a qualified buyer of these proven locations.
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. The current owner has been operating successfully for 11+ years! Established, Multi-unit, and HIGHLY PROFITABLE. Cashflow to a new owner is $375K+ and growing!
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: $2,195,000
- Cash Flow: $375,736
- Gross Revenue: $2,971,071
- EBITDA: N/A
- FF&E: N/A
- Inventory: $18,000
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Prominent locations with Strong Delivery Territories…These stores serve customers from multiple residential communities, businesses & industrial parks, medical centers, schools, car dealerships, and universities. There are two high-volume Drive-thru's (one includes real estate!). These stores have fantastic leases in place, all with multiple renewal options – consolidated occupancy costs are LESS THAN 4% 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) Increased Community Involvement - Structured Fundraising nights & partnerships with schools, sports teams, and other organizations, etc. would be very impactful and further increase brand awareness! 2) 3rd Party Delivery and Catering: Jimmy John's partnered with Door Dash to meet higher delivery demand and to reach new customers on Door Dash’s marketplace. Seller has not yet launched. This will be all upside to Buyer. 3) New owner is in prime position to open/acquire future stores in these markets.
This Business Is An Established Franchise
The business was founded in 2010, making the business 12 years old.
The deal doesn't include inventory valued at $18,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. However, the true reason and the one they tell you may be 2 absolutely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in incomes, or a range of other factors. This is why it is extremely important that you not rely completely on a vendor's word, but instead, utilize the vendor's answer combined with your total due diligence. This will paint an extra reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can imply that profit margins are too thin. Numerous businesses 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 obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be met or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new clients? Most times, companies have repeat customers, which develop the core of their day-to-day earnings. Particular elements such as brand-new competitors growing up around the area, roadway building and construction, and personnel turnover can impact repeat clients as well as adversely impact future revenues. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the possibility to build a returning consumer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Exactly how might the local median house earnings influence future income potential?