Two JM Submarine Shops near City of Industry, LA Area

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Asking Price:
$399,500

Gross Revenue:
$1,177,128
Cash Flow:
$111,383
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

FF&E:
$80,000
included in asking price

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Business Description

Incredibly rare time sensitive opportunity to own two JM submarine sandwich shops. Highly respected and popular brand. Stores are in and around City of Industry, LA County. 2017 gross $1,218,165. Each store is cash flow positive. 2018 SDE trending $109k based on Jan- August - assumes owner operator. Priced to sell now at $399,500 for both!

Stores have been 98% absentee owned but not recommended. Transitioning buyer can step into this startup/turnaround operation without the financial and time investment required to launch from scratch. New So. CA franchises are currently requiring an investment of about $400k per store to launch new plus at least 6 months to identify location, negotiate leases, tenant improvement/build out, recruiting, hiring and training - just to get the doors open.

Move in ready (approx.2&4 years new). Originally 20 year leases including the renewal options on 1100 and 1200 sqft respectively. Very solid locations. New office complex is adding 1000 potential customers across from one of the stores this year. Hwy construction near the other will complete in 2019 streamlining traffic flow into the center.

LA territories are sold out! Opportunities for additonal stores once you are "in the system" but no other way to enter the JM system in LA from "the outside".

22-24 employees, 6 key holders including 2 managers. FFE estimated at $80k, Approximately $20k inventory. FFE available for purchase for 3rd store (currently in storage) - $25k.

Stores are positioned for significant growth with appropriate owner operator focus on catering, delivery and foot traffic. As few as 25 additional sandwich sales per store per day will make a significant impact on profitability (all profit less COGS). As profitability improves, price will increase so serious buyers should not wait.

Seller motivated as family has other business interests. Serious inquiries from those prepared to act immediately will be prioritized.

About the Business

Location:
City Of Industry, California
Year Established:
2015
Number of Employees:
23
Real Estate:
Leased
Building Sq. Ft.:
2,300
Rent:
$25,553,000.00 Per Month
Facilities:
Each store in busy center next to Starbucks.
no new JM franchises are currently available in LA area
Growth & Expansion:
Grow daily walk in, delivery and catering.
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About the Sale

Reason For Selling:
other interests
Seller Financing:
100000.00

Listing Info

ID:
1569876
Ad Detail Views:
26

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Business Listed by

Linnea Westlake

Transworld Business Advisors
License# 02028068

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Sponsoring Broker:

Marshall Pollock
Transworld Business Advisors
License# BRE # 01100886


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