Jimmy John's - 2 units in VA

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Jimmy John's - 2 Units in VA
Asking Price:
$798,000

Gross Revenue:
$1,432,965
Cash Flow:
$221,017
EBITDA:
$221,017
Inventory:
$12,000
included in asking price

FF&E:
$200,000
included in asking price

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Business Description

Headquartered in Champaign, IL, Jimmy John's was founded in 1983 and now boasts over 2,500 units nationwide. In September 2016 a majority stake was sold to Roark Capital, a private equity firm also invested in Arby's, Carvel, Auntie Anne's Pretezels, Wingstop and Cinnabon, among others. A simple menu and good product with only the freshest ingredients sets the brand apart in the sandwich QSR segment. Franchisor requires a minimum net worth of $300K with at least $80K in liquid assets, or commensurate with purchase. Restaurant experience preferred but not required. Winchester is the next suburb of Washington DC feeder of employee people, a new FBI building, new Amazon DC, new Procter and Gamble plant, employing several thousand people.
www.FranBizNetwork.com

About the Business

Year Established:
2012
Number of Employees:
23
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,645
Rent:
$2,810.00 Per Month
Facilities:
All FF&E to be in good working condition at time of change over. Interior remodels due at end of franchise agreement term.
Website:
www.FranBizNetwork.com
Market Outlook/
Competition:
Great stores that consistently perform in the top 20% of all Jimmy John’s! Located in busy shopping mall areas, with lots of foot and vehicle traffic.
Growth & Expansion:
Room for growth in brand via new development or acquisition of existing units.
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About the Sale

Reason For Selling:
Retiring and personal reasons
Training/Support:
Franchisor offers 2 weeks of training in IL.

Listing Info

ID:
1566952
Ad Detail Views:
112

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Business Listed by

Carter Asefi

FranBizNetwork
License# 01962309

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Source: American Community Survey (2010-2014), United States Census Bureau.

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