Property ID : LB22.175
For Sale $74,000.00 - Franchise Restaurant
DESCRIPTION:
- Founded in 1965, this franchise now has over 44,000 locations worldwide.
- Subway was ranked #5 on the 2016 Entrepreneur “Franchise 500” list.
- Located 30 minutes south of Rochester in a very busy plaza.
- 1,500 square feet, with seating for 41.
- This store has increased in sales for 3 consecutive years.
- Two weeks training provided.
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- FF&E, valued at $40,000.
- Inventory at cost, valued at $2,000.
LEASE ARRANGEMENTS:
- Gross rent is $1,891.88/month.
- Current lease with options expires 4-30-24.
SALES AND SELLERS DISCRETIONARY EARNINGS:
| 2016 | 2015 | 2014 | |
| SALES | $361,504 | $335,466 | $305,708 |
| SDE | 43,195 | 36,382 | N/A |
PRICE/FINANCING:
- Asking price is $74,000. Bank Financing is available to a qualified Buyer.
COMMENTS:
- This is a great opportunity to join a highly reputable & easy to operate franchise that has consistently been a world leader in its category.
- New Buyer can increase profit by working more hours; current owner works 30 hours/week.
