Asking Price: $74,000 Gross Revenue: $384,325Cash Flow: $47,039 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $2,500 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.
Well established Submarina Franchise in Lake Elsinore priced for quick sale.
2018 Gross $384k, SDE $47k. Asking $74k. No franchise transfer fees.
The Submarina franchise system started in San Diego in 1977. Product quality and friendly service fostered success. Sandwiches are made from local fresh ingredients, meats and cheeses are sliced in front of customers, and breads are baked locally and delivered to shops 7 days per week. This is a delicious generously proportioned sandwich.
Original Franchisors retired a few years ago and turned over the reins to experienced successors who intend to improve franchisee experience and support.
Store is located on corner in a newer Mall Center. The area is growing with significant new commercial and residential development. Store was established in 2005, with current ownership in place for 8 years. They are selling to focus on their other store that is more conveniently located to where the family resides.
Lake Elsinore Submarina has 8 PT employees including 1 manager. It is ready for a new owner operator to step in full time replacing at least 1 FTE - while focusing on growth through increased catering, delivery and walk in business.
1 manager ($13.50/hr) and 7 other part time employees at $11.50/hr. Absentee owner pays himself $15,600/yr. out of payroll. Current lease on 1300sqft at $5,545 can be extended.
Solid opportunity to step in to going concern and grow at a fraction of the financial and time investment required to start new.
From 2018 FDD: Investment required of franchisees starting from scratch.
$175,500-$460,250 investment includes $35,750 franchise fee and other launch expenses.
$7500 transfer fee paid by seller. $5000 if in network. Renewal fee 50%.
Royalties 6% plus 2% branding and 2% local marketing.
About the Business
Riverside County, California
Number of Employees:
Building Sq. Ft.:
$5,144.00 Per Month
Growth & Expansion:
Area is growing with significant residential and commercial development. Focus on catering and additonal foot traffic.
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.