Hot Listing
Three Northern Utah Subway Franchise Locations
Business Description
Available for the first time in over three decades, this is a rare opportunity to acquire a stable, three-unit Subway portfolio in Northern Utah. Located in Brigham City, Tremonton, and Hyrum, these stores have been operated by the same local owners since 1991, building a trusted reputation and a loyal customer base. The portfolio offers a buyer an established platform with over $1.45M in annual revenue.
The business is positioned for a seamless transition, featuring tenured staff—including a site manager with 18 years of experience—and standardized Subway operational systems. Two of the three locations have recently undergone comprehensive "Fresh Start" remodels (2023 and 2024), effectively removing major capital expenditure requirements for nearly a decade. This offering represents exceptional value compared to standard QSR multiples and is eligible for SBA financing. Whether you are an experienced multi-unit operator or a first-time buyer looking for a proven foundation, this portfolio provides immediate cash flow with clear upside through active management.
Business Highlights
- Turnkey Infrastructure: Sale includes all FF&E and established systems. Two stores are recently remodeled (Brigham City 2023, Tremonton 2024), with no major remodel obligations until 2033/2035.
- Recession-Resistant Brand: Subway is a global leader in the QSR space, benefiting from national advertising, the "Subway MVP" loyalty program, and a health-conscious menu that remains a staple for commuters and locals alike.
- Strategic Growth Corridor: Benefit from major local economic developments, including the Nucor Steel expansion and planned nuclear energy projects, which are expected to bring thousands of permanent jobs to the immediate area.
- Immediate Profitability Upside: Significant opportunities exist to increase margins through labor optimization, expanded catering accounts with local businesses, and active owner-operator oversight.
- SBA Financing Ready: Documented financials and strong debt-service coverage make this portfolio a prime candidate for SBA 7(a) financing with as little as 10-15% down.
- Comprehensive Training: Sellers are committed to success, offering one month of on-site training plus an additional month of advisory support to ensure a smooth handoff.
The business is positioned for a seamless transition, featuring tenured staff—including a site manager with 18 years of experience—and standardized Subway operational systems. Two of the three locations have recently undergone comprehensive "Fresh Start" remodels (2023 and 2024), effectively removing major capital expenditure requirements for nearly a decade. This offering represents exceptional value compared to standard QSR multiples and is eligible for SBA financing. Whether you are an experienced multi-unit operator or a first-time buyer looking for a proven foundation, this portfolio provides immediate cash flow with clear upside through active management.
Business Highlights
- Turnkey Infrastructure: Sale includes all FF&E and established systems. Two stores are recently remodeled (Brigham City 2023, Tremonton 2024), with no major remodel obligations until 2033/2035.
- Recession-Resistant Brand: Subway is a global leader in the QSR space, benefiting from national advertising, the "Subway MVP" loyalty program, and a health-conscious menu that remains a staple for commuters and locals alike.
- Strategic Growth Corridor: Benefit from major local economic developments, including the Nucor Steel expansion and planned nuclear energy projects, which are expected to bring thousands of permanent jobs to the immediate area.
- Immediate Profitability Upside: Significant opportunities exist to increase margins through labor optimization, expanded catering accounts with local businesses, and active owner-operator oversight.
- SBA Financing Ready: Documented financials and strong debt-service coverage make this portfolio a prime candidate for SBA 7(a) financing with as little as 10-15% down.
- Comprehensive Training: Sellers are committed to success, offering one month of on-site training plus an additional month of advisory support to ensure a smooth handoff.
About the Business
- Years in Operation
- 33
- Employees
- 31 Part-time
Three experienced on-site managers lead daily operations. Brigham City manager b - Franchise
- This business is an established franchise
- Facilities & Assets
- Three prime Northern Utah locations totaling $1.45M in annual sales. Brigham City (875 W 1150 S): 601K revenue, high-traffic strip center with Supercuts/Verizon co-tenants, fully remodeled 2023 ($46.9K investment)—next remodel not due until Nov 2033. Lease through Dec 2028. Tremonton (280 E Main): 571K revenue, main street retail corridor, portfolio's profit engine (11.5% net margin), fully remodeled 2024 ($61K investment), below-market rent (structural advantage), next remodel March 2035, lease through Dec 2027. Hyrum (760 E Main): 276K revenue, co-located with ACE Hardware/America First CU, lease through Dec 2028, remodel required by July 2027 (est. $30-60K, AUV-tiered pricing may reduce scope). $108K total capital improvements (2023-2024) included in price. All FF&E current, functional, and included. Modern POS systems, walk-in coolers, prep equipment, seating for 20-30 per location. Two locations remodel-compliant for 7-9 years—minimal near-term capex.
- Market Outlook / Competition
- Northern Utah Growth Market: Box Elder County (Brigham City, Tremonton) and Cache County (Hyrum) represent stable, family-oriented communities in America's 2nd-fastest-growing state. Massive Economic Catalyst—1,500+ Jobs Incoming: (1) Nucor Steel expanding operations near Brigham City with new division bringing 200+ direct jobs (blue-collar industrial workers = core QSR demographic); (2) Nuclear power facility in advanced planning for Box Elder County—projected 1,300 high-paying permanent positions plus thousands of construction jobs during multi-year build. These are announced, externally verified projects that will drive structural demand growth at the portfolio's highest-volume locations. Competition: Typical QSR mix (McDonald's, Wendy's, local sandwich shops), but 35 years of brand presence provides deep community loyalty and multi-generational customer relationships. Subway benefits from national marketing ($70K annual FAF contribution), brand recognition, and mobile ordering.
- Opportunities for Growth
- Immediate SDE improvement opportunities totaling $50-75K annually: (1) Tremonton labor optimization ($35K potential): Labor currently 42.7% of revenue vs. 25-30% industry benchmark; active floor management and scheduling discipline can recover 12+ margin points on $571K base = $35K to bottom line. (2) Hyrum occupancy normalization: Lease repayment plan ($1,075/mo) ends June 2027, automatically reducing annual occupancy by $12.9K. (3) Hyrum remodel revenue lift: Post-remodel Subway units typically see 5-15% AUV increase; +10% at Hyrum = +$27K revenue, ~$18K net income. (4) Catering expansion: EZCatering active but underutilized—corporate lunch programs, school groups, sports teams represent high-margin, low-waste channels. (5) Owner-operator margin recovery: Semi-absentee management allows waste/accountability gaps; engaged daily oversight adds $10-20K portfolio-wide. (6) Digital/delivery growth: Subway app and third-party delivery undermarketed. (7) Multi-unit expansion platform.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Comprehensive transition package ensures Day 1 operational continuity. Seller provides 1 month full-time shadow training at all three locations plus 1 additional month part-time advisory support covering payroll, vendor relationships, bank processes, and Subway corporate protocols. Buyer inherits established manager team including 18-year veteran at Brigham City (portfolio's most valuable human asset). Full Subway franchise support infrastructure: dedicated Franchise Performance Director (Jeff Levy), operational manuals, POS/inventory systems training, marketing resources, and supply chain relationships. All locations operate on proven Subway systems—hiring protocols, food safety procedures, scheduling templates, and compliance frameworks fully documented. Introductions provided to all landlords, key vendors, and SBA lender (Diamond Financial). Subway corporate offers ongoing field support, national marketing campaigns, menu innovation, and brand development.
- Financing Options
- Pre Approved for SBA Financing
Listing Info
- ID
- 2524294
- Listing Views
- 259
Listing ID: 2524294 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 of Use. Learn how to avoid scams.



