SIGNIFICANT PRICE REDUCTION! Subway in Stead for Sale!

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Asking Price:
$160,000

Gross Revenue:
$477,800
Cash Flow:
$90,093
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Don’t miss this opportunity to own a franchise with global brand recognition! This Subway in Stead is in a high-profile location with great parking, and has been here for nearly 20 years. Very loyal customer base. Owner is selling due to death in the family. Business has been absentee run for years.

The Gross Sales and Cash Flows are 2017's. 2018's dipped because of the passing of the owner.

From a business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #3 Most Business-Friendly Tax Climate.

About the Business

Location:
Reno, Nevada
Year Established:
2010
Number of Employees:
7
Franchise:
Yes
Market Outlook/
Competition:
Subway gets a lot of press due to their brand – which means free advertising for the Franchisee. ESPN carries a lot of Subway ads and they have a huge, continuous audience. Since 2001, Subway has been recognized as one of the top 5 franchises, beating out McDonald's!
Growth & Expansion:
Stead is experiencing rapid growth – which translates to new customers! The proximity of the location to the Air Force Base means new Owner could tap into catering. Returning the store hours to 24/7 vs having a closing time will undoubtedly bring back the income that has been lost with the new hours.
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About the Sale

Reason For Selling:
Death in family as well as commuting issues, as Owner lives out of state.
Training/Support:
2-Week Training at Franchise School in CT, then Field Consultant comes to the location for 2 weeks to help with the transition/do the training.

Listing Info

ID:
1645765
Ad Detail Views:
472

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$
months
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Business Listed by

Bradley Bottoset

The Liberty Group of Nevada
License# BUSB.0000052.BKR

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