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Hot franchise re-sale opportunity - Firehouse Subs

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Newport News, Virginia (Newport News city Co.)   |  Food and Beverage Businesses for Sale – Other Food and Beverage Businesses for Sale   |  Businesses for Sale Between $50k and $100k

Asking Price:
$90,000

Gross Revenue:
$375,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$6,000
included in asking price

FF&E:
 Not Disclosed

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Business Description

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Firehouse Subs (Firehouse of America, LLC) is a U.S.-based, fast casual restaurant chain founded in 1994 in Jacksonville, Florida by former firefighter brothers Robin and Chris Sorensen.

To date, Firehouse Subs has opened 1050 franchise restaurants across 44 states, Puerto Rico, Canada, and Mexico.

Firehouse Subs practices smart growth, based on finding the right person at the right time in the right location. Since commencement more than 22 years ago, Firehouse Subs has opened more than 1,050 restaurants across 44 states and internationally in Puerto Rico, Canada and Mexico. Current plans for expansion in 2017 are focused in the Northeast and West Coast U.S., along with continued international expansion into Canada and Mexico.

About the Business

Year Established:
2016
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
2,500
Lease Amount/Mo.:
$4,881.47
Lease Expiration:
4/8/2020
Growth & Expansion:
This business would be more suited for an owner-operator who will invest his/her time in growing the business.
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About the Sale

Reason For Selling:
In the military & re-locating overseas.
Training/Support:
Franchisees and 1 other person (2 of their owners if franchisees are a business entity) must also complete the initial training program to the franchisor’s satisfaction. The Training Program lasts for approximately 8 weeks. The initial 6-7 weeks of training will be conducted at one of the franchisor’s Training Restaurants or any other restaurant which it may designate from time to time. The final week of classroom training is presently conducted at the franchisor’s headquarters in Jacksonville, Florida. The franchisor may require franchisees to attend periodic refresher training courses at such times and places as it designates.

Listing Info

ID:
1441333
Ad Detail Views:
127

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Business Listed by

Michael Gratteri

BizSell - BRE#: 01899435

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