Property ID : SPL25.509
For Sale $75,000.00 - Restaurant
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.
