Saturday, June 24, 2017

Sub Shop National Franchise
(Restaurants, Sub Shops)

Central Ohio - Ohio, Clark

Seller Financing: Yes
Lender Pre-Qualified:
Listing ID: 81906
Office ID:
Status: Active

Listing Details

Listed Price: $99,900
Down Payment:
Total Sales: $220,703
SDE: $34,698
EBIT:
EBITDA:
FFE: Included?
Real Estate: Included?
Inventory: $4,500 Included? No
A/R: Included?
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Contact Information
Frank Nunziata
Jim Tharp Realty
Columbus 43235
Cell: 614 325-6206
Fax: 614 431-6450
Office: 740 965-1981
Email: rhifan@yahoo.com
www.jimtharprealty.com
Send Email To Agent
Reason for Sale:
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Seller is a Multi Unit Operator and this store is to far to operate.
Training:
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The Franchiser will provide two weeks training at their Corporate HQ and an additional week local training in store. Seller will insure a smooth transition.
Financing Terms:
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Potential SHORT TERM Seller financing to a qualified Buyer that has 80% or more Cash Down.

Operations

Year Established: 2014
Last Acquired: 2014
Form of Ownership: S Corporation
Home Based: No
Relocatable: No
Type of Location: Open Mall
Absentee Owner: Yes
Online:
Employees: Full Time: / Part Time: 5
Managers: 1
Hours: Mon - Sat 10am-9pm, Sun noon-6pm
Owner Hours: 0
Non-Owner Payroll:
Franchise Info: # 1 National Sub Sandwich Franchise

Location

Lease Expire: 5/30/2024
Option: Option to extend lease can be obtained from the landlord.
Lease Terms: Presently the store is paying ZERO Rent thru July 2017. Lease expires May 30 2024. Extention to lease can be obtained.
Lease Security: $0
Monthly Rent:
Square Footage: 2803
Facilities:
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Shop is located at the front entrance of an enclosed shopping Mall. The store occupies 2803 sq ft all Equipment NEW as of July 2014. Well maintained turnkey shop.

Brand NEW EQUIPMENT as of July 2014 Store is Current Franchise Design and is Clean as a Whistle !!

Summary

Business Description:
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"Number #1" Ranked National Franchised Sub shop the shop OPENED for business in July of 2014. The shop is run 100% ABSENTEE by a Multi Unit franchise operator. Store is operated by a store manager and a District Manager and has never received the personal attention that an Owner Operator can provide!!

As a result it Has Not Even gotten close to its true Sales Potential !!

Since the shop is to far from the Multi Unit Operators other locations he has decided to put it up for sale at a Fraction of the price it would cost to start the business.

Great Opportunity for a New Owner to join this Number #1 Ranked National Sub Sandwich Franchise at a very low entrance cost.

This is an easy business to run for an on site Owner Operator.

The seller is Motivated and will offer Potential Financing to a Qualified Buyer that has 80% or more Cash as a down payment on the purchase of the business.

Asking Price $99,900 PLUS Est Inventory of $4,500 Plus Franchise Transfer Fee of $7,500.

This one is PRICED TO SELL !!!

GET IN BUSINESS FOR ONLY $99,900 !!!!!!!!!!


Historical Summary:
Owner Qualifications:
Competition:
Potential Growth:
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Presently Run 100% ABSENTEE !! Very Little Marketing done.

New Owner Operator can market and build Sales.

 

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