Asking Price: $399,500 Gross Revenue: $688,812Cash Flow: $170,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $7,000 not included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Don't miss this opportunity to own one of the best run and most profitable sandwich franchises in Richmond. This store is consistently ranked in the top 10% of sales & profits out of the more than 400 locations nationwide. The store is positively increasing sales revenue. This location is turn-key with all the operational systems in place to maintain the high level of service that customers expect. The franchisor will also provide ongoing support from the regional franchise business consultant. Contact the listing agent for additional details. Qualified buyers will to meet the lease transfer financials requirements of net worth of $500,000 or more.
About the Business
Number of Employees:
Building Sq. Ft.:
$4,551.75 Per Month
The restaurant equipment and furniture is well maintained and in excellent condition. The franchisor will thoroughly inspects the equipment prior to any transfer of ownership and require the seller to repair or replace FF&E that is broken or not working properly. The standard equipment package includes the following: walkin cooler and freezer, signage, POS systems, 2 lincoln ovens, all back of house (sinks, shelving, and smallwares), hobart meat slicer, blenders, ice cream freezer, and much more.
The restaurant is located along one of the most traveled thoroughfares in Richmond, and it is surrounded by office, complimentary retails, and high earning residential homes. The restaurant is in one of the busiest Class A shopping centers in the city. The city of Richmond has grown at twice the rate of both the state of Virginia and the Nation as a whole, and it continuing to outpace much of the rest of the county. The team in the store delivers exceptions customer services, and has developed a loyal following and reputation in the area.
Growth & Expansion:
The current owner has primarily focused on walk in business, and there is a huge opportunity to increase bottom and top line revenue with catering sales. The location of the restaurant is ideal for targeting universities, schools, and local business for off premises meals. The catering opportunities are limitless and an excellent profit driver.
Earn $170,000+ with Top Performing National Sandwich Franchise
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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