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The Wall Street Journal Online

High Volume/Profitable Charley s Grilled Sub - Southern Park Mall!

Youngstown, Ohio (Mahoning County)

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Asking Price:
$240,000
Gross Income:
$377,415
Cash Flow:
$78,702
EBITDA:
$78,702
FF&E:
$150,000.00 *
Inventory:
N/A
Real Estate:
NA **
Year Established:
2009
Employees:
2009
Business Types:
Restaurants
Other Eating & Drinking Places

** not included in the asking price

* included in the asking price

Business Description

Famous for their hot, fresh made-to-order Philly Steak
Sandwiches and other 100 percent USDA choice steak,
chicken & deli subs, grilled salads, gourmet fries and freshly
squeezed lemonade.

Prime retail space in the food court of Southern Park Mall, the
largest mall for miles, in Youngstown about an hour's drive
east of downtown Cleveland. This spacious mall is anchored
by Dillard s, JC Penny s, Macy s & Sears and over 120
stores
& specialty shops. Other popular food court tenants include
Asian Chao, Dairy Queen, El Gallos Express, Sarku, Sbarros
and more.

Detailed Information

Facilities:
Leased space - rent $6,827/mth which includes garbage. Current lease expires 2017 with the option to renew. Seating: Food Court. Days/Hrs of Operation: Mall Hours = Mo-Sa 10a- 9p & Su 11a-6p.
Competition:
Fast Casual Magazine - Top 100 Movers & Shakers 2011, Entrepreneur Magazine - Best of the Best Franchises, Rated #1 in Category, Best of the Best Quick Service Restaurants & Top 57 Fast Food Franchises in the World, Entrepreneurship Intl - Top 200 Global Franchises, Inc. Magazine - 5000 Fastest Growing Companies 2008-2010, QSR Magazine - Best Company to Work For 2009, plus so much more. Just ranked in Top 100 for 2012 in Entrepreneur Franchise 500!
Growth/Expansion:
First restaurant opened in Columbus, Ohio on the Ohio State University campus 24 years ago. Began franchising in 1991 and currently has over 400 locations in 44 states and 15 countries worldwide. The restaurant chain has been recognized at the top of more than 10 national lists for successful franchising, entrepreneurship and management in all it’s years of business!
Financing:
No
Support/Training:
Three weeks at corporate headquarters in Columbus, Ohio.
Reason Selling:
Absentee Owner - Lives out of state.
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$  (from currently available resources)
months
 

Business For Sale Listed By

Tom Traina

Tom Traina
EatZ & Associates

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Ad#: 668596

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