Two Successful Submarina Franchises - Lancaster and Murrieta. CA

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Asking Price:
$574,000

Gross Revenue:
$1,348,133
Cash Flow:
$278,106
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
$100,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Submarina - Lancaster and Murrieta
Two Solid Franchise Stores being sold together.
2018 Total Sales: $1,348,133
2018 SDE: $278,106
Asking: $574,000
No franchise transfer fees. Training provided by seller and Franchisor in Southern CA.
This submarine sandwich franchise started in San Diego in 1977. Product quality and friendly service fostered success. Sandwiches are made from local fresh ingredients, meats and cheeses are sliced in front of customers, and breads are fresh baked locally and delivered to shops 7 days per week. This is a delicious generously proportioned sandwich.
Original Franchisors retired a few years ago and turned over the reins to experienced successors who intend to improve franchisee experience and support.
Business is ready for a new owner operator to step in full time - ideally replacing at least 1 FTE - while focusing on growth through increased catering, delivery and walk in business.
Open 10am - 8pm M-S, 10am - 6pm S
Locations:
830 W. Avenue, Lancaster, CA 93534
100% Staff operated with 8 part-time employees.
2018 Gross Sales: $593,784
2018 Net Ordinary: $90,181
Monthly Rent incl. CAM $2,880.23
Price: $229,000
33040 Antelope Rd. #101, Murrieta, CA 92563
8 part-time employees. 4 are related to seller but may stay after sale.
2018 Gross Sales: $754,349
2018 Net Ordinary: $147,925
2018 SDE: $187,925
Monthly Rent incl. CAM: $4393.52
Price: $345,000

PLEASE do not engage with employees, customers nor neighbors in any conversation related to the potential sale of these stores.

About the Business

Location:
Riverside County, California
Year Established:
2010
Number of Employees:
16
Facilities:
Lancaster opened March of 2010. Murrieta opened May of 2012
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About the Sale

Reason For Selling:
other interests
Training/Support:
2 weeks
Seller Financing:
229600.00

Listing Info

ID:
1616142
Ad Detail Views:
0

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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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