Asking Price: $199,000 Gross Revenue: $1,300,000Cash Flow: $110,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $15,000 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.
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
Building Sq. Ft.:
$3,000.00 Per Month
The business operates multiple locations across Richmond. All locations are leased. Seller has recently negotiated lease reductions with two of the landlords.
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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