Asking Price: $249,900 Gross Revenue: $683,814Cash Flow: Not DisclosedEBITDA: $110,208Inventory: $4,000 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share 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.
Sales and EBITDA are climbing daily at this top-performing location of an Industry Leading Fast-Casual Sub/Sandwich Franchise. Seller has recognized a 42.48% INCREASE in Cashflow vs. prior year. This is an established Firehouse Subs location with strong sales, loyal customers and consistent performance for over 4 years. The sale will consist of 1 open/operational store. FINANCING IS AVAILABLE.
This sale is not typical. This Firehouse Subs location is highly successful and operates above National Average Unit Volumes. The store benefits from both a local customer base and the Regional draw of the mall. This location takes great pride in presenting their site in the best possible light to its customers. The store is very clean / well-maintained, and the team provides exceptional hospitality!
The store has an Assistant Manager and fully trained staff for operating the business with a new Owner/Operator.
This industry-leading brand was founded in 1994 and has added more than 350 locations since 2015. This award-winning concept earned a top spot on Forbes’ 2018 ranking of Best Franchises To Buy.
Serving only premium meats and cheeses steamed and piled high on a toasted sub roll, with fresh produce and condiments has earned this franchise system Technomic’s Chain Restaurant Consumers’ Choice Award as No. 1 Overall Brand. In addition to its signature subs, the restaurant offers a variety of catering options from sandwich and dessert platters to salads and snacks to fuel any occasion.
Recent Rankings and Awards: # 1 Consumer Favorite Sandwich Chain by Nation’s Restaurant News; Best Restaurant to Buy by Forbes; #1 Top Chain by Restaurant Business; #1 Consumers Choice for Food Quality;
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About the Business
Colonial Heights city County, Virginia
This Firehouse subs is part of the Southpark Mall, in-line with Dick’s Sporting Goods and backs up to the Regal Cinema 16 that serves this market. It is easily accessible from I-95, within minutes of the Ft. Lee Military base and has excellent visibility. The location is in a rapidly growing market, with easily affordable rent!
Growth & Expansion:
The store has been successful with virtually no store level marketing. -- Huge growth potential to expand catering business in-house and through EZCater! -- Firehouse Subs launched its 3rd-party delivery partnership with Uber Eats in September 2018. This location launched with Uber Eats and Grubhub in February 2019 and is seeing an immediate uptick in sales. This will be all upside growth for this store under the new ownership! -- Community Involvement - Fundraising nights with school organizations, etc. would be very impactful.
EBITDA up 42% - SIX FIGURE NET! Industry Leading Sub/Sandwich chain
The information on this listing has been provided by either
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
full Terms & Conditions.