Multi-Unit Sub Franchise for Sale in Richmond

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Reduced Price!
Asking Price:
$199,000

Gross Revenue:
$1,300,000
Cash Flow:
$110,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$15,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Light & Raphael is pleased to offer for sale a successful multi-unit quick serve restaurant (QSR) franchise for sale. The stores are located in prominent sites throughout Richmond. The majority owners of the business live out of state, paving the way for a committed full-time onsite owner. Each store has a manager in place and a team of part-time and full-time employees.

About the Business

Location:
Richmond, Virginia
Year Established:
2004
Real Estate:
Leased
Building Sq. Ft.:
2,000
Rent:
$3,000.00 Per Month
Facilities:
The business operates multiple locations across Richmond. All locations are leased. Seller has recently negotiated lease reductions with two of the landlords.
Market Outlook/
Competition:
The Sandwich and Sub Store Franchises industry has experienced consistent growth over the past five years. Industry revenue grew 4.6% in 2015 as consumer confidence and spending rebounded. Franchisees managed to maintain that momentum over the following years by developing new menu options that capitalize on increasing awareness of the health risks associated with a high-fat diet. As a result, the industry has been able to thrive, despite rapidly evolving consumer preferences for fast food that have led to the stagnation and decline of other quick-service restaurants. Over the five years to 2018, industry revenue grew at an annualized 2.7%, including a 1.0% increase in 2018 to reach $23.4 billion. There are 26,629 sub shops in the US as of 2019. The number of businesses in the industry is expected to grow 1.7% in 2019.
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About the Sale

Reason For Selling:
Seller wishes to retire.
Training/Support:
Seller will provide support and training following the sale.

Listing Info

ID:
1639654
Ad Detail Views:
997

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Business Listed by

Gavin Raphael

Light & Raphael

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