Saturday, June 24, 2017

#1 National Sub Sandwich Franchise
(Restaurants, Sub Shops)

Columbus - Ohio, Franklin

Seller Financing: No
Lender Pre-Qualified:
Listing ID: 82288
Office ID:
Status: Active

Listing Details

Listed Price: $159,900
Down Payment:
Total Sales: $210,514
SDE: $49,984
EBIT:
EBITDA:
FFE: Included?
Real Estate: Included?
Inventory: $4,000 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: Seller is a Multi Unit Operator looking to sell a unit.
Training: 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: Potential SHORT TERM Seller financing to a qualified Buyer for Inventory Only.

Operations

Year Established: 2012
Last Acquired: 2015
Form of Ownership: S Corporation
Home Based: No
Relocatable: No
Type of Location: Strip Center
Absentee Owner: Yes
Online:
Employees: Full Time: 1 / Part Time: 3
Managers: 1
Hours: Mon-Fri 9-9:30 pm, Sat 9-9 pm, Sun 10-8 pm
Owner Hours:
Non-Owner Payroll:
Franchise Info: National Franchise

Location

Lease Expire: 12/31/2017
Option: Two (2) Five Year Options to Renew
Lease Terms: Fantastic Lease TOTAL Rent is Only $1,842 per month. Base Rent in 1st Opt is only $11 per sq ft and in 2nd Opt Base rent is only $12.10 sq ft.
Lease Security: $1,729
Monthly Rent: $1,842
Square Footage: 1600
Facilities: Great Location in Busy Strip Center on main road. Total Rent is fantastic Only $1,842 per month. There are Two 5 year options to renew with only small rent increase. Equipment in Great Shape very well maintained.

Summary

Business Description: Number #1" Ranked National Franchised Sub shop. The shop is run 100% ABSENTEE by a Multi Unit franchise operator. Store is operated by a store shift supervisor 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 !!

Multi Unit Operator has no time for this location 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 !!!

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

Asking Price ONLY $159,900 PLUS Est Inventory $4,000 PLUS Franchise Transfer Fee.

Great Lease!!

This one is PRICED TO SELL !!!

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

New Owner Operator can market and build Sales.

 

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