Property Details

DESCRIPTION:

• Ideal location Franchise sub-shop located off a very busy major highway
• Operated 20 plus years with current owner for 6 months
• Offering over 25 different menu items
• This National Franchise has a huge marketing budget
• Store size is 1200 square feet
• Current owner is absentee but employs 4 part time, and 2 full time workers
• Open 7 days a week from 9am to 9pm, franchise will require store to stay open to 10pm

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):

• Furniture, fixtures, and equipment at a fair market value of $10,000
• Bread oven and a new speed oven are under lease and not included
• Within the next 2 years a remodel will be required at a cost of $10,000.
• The remodel will include the bread oven and speed oven that will reduce the price of the remodel by $5,000.

 LEASE ARRANGEMENTS:

• Current lease is $2142 gross a month, expiring in 4 years.

 SALES:    Since January 1, 2024, weekly sales have averaged between $7,000 to $8900

 PRICE/FINANCING:

• The asking price is $75,000, financing is available with $25,000 down

 COMMENTS:

This is an Ideal owner/operator high volume franchise sub shop, that is easy to operate.  Training will be provided.