Subway Franchise PRICE REDUCED $20,000

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Sandwich Franchise PRICE REDUCED.

Business Description

Established for many, many years. Absentee owner has been with Subway for over 28 years. Is motivated to sell and is willing to finance the deal subject to sellers approval. May even consider interest only the first year. The process for a new franchisee will take up to 6 months to complete. Do not have to have any previous food experience. Ideal for a husband or wife or family member. Will work long hours in order to reduce existing payroll from 33 + % down to about 16%. This store has been run absentee for over 20 years. Historical sales have been much higher.

About the Business

Location:
Lodi, California
Year Established:
1996
Number of Employees:
13
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Expiration:
5/20/2020
Facilities:
Located in a large shopping center. THE CAPITAL GROUP WILL NEGOTIATE A RENT REDUCTION WITH LANDLORD SUBJECT TO BUYERS APPROVAL. The store shows well and there may be remolding requirements in the future. In the last two years Subway has waived this requirement.
Market Outlook/
Competition:
Yes there is competition in the area. Some that will be beneficial to this store.
Growth & Expansion:
Growth is very much a possibility here. The seller has other stores to sell in the future.
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About the Sale

Reason For Selling:
Multi unit franchisee wants to retire is in her 80's
Training/Support:
Buyer will have to go through an interview process and pass the simple Subway exam. After acceptance by the Local Subway office buyer will have to go through approx. 40 hours of training in a local store before they can be approved by the Subway Corporate office. Once approved buyer will then be scheduled for 2 weeks of training in Connecticut. The entire process can last about 6 months or less.

Listing Info

ID:
1639339
Ad Detail Views:
0
Asking Price:
$60,000

Gross Revenue:
$352,600
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$3,000
not included in asking price

FF&E:
$60,000
included in asking price

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Business Listed by

michael marich

The Capital Group

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