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
Number of Employees:
Building Sq. Ft.:
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.
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.
Multi unit franchisee wants to retire is in her 80's
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.
Ad Detail Views:
Asking Price: $60,000 Gross Revenue: $352,600Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $3,000 not included in asking priceFF&E: $60,000 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.
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the seller or a business broker representing the seller. BizQuest has no interest
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