Earn $170,000+ with Top Performing National Sandwich Franchise

Richmond, VA (Henrico County)

Earn  $170,000+ with Top Performing National Sandwich Franchise
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Asking Price: $399,500

Cash Flow: $170,000

Gross Revenue: $688,812

EBITDA: N/A

FF&E: N/A

Inventory: $7,000*

Rent: $4,551.75 /Month

Established: 2013

*not included in asking price.

Earn $170,000+ with Top Performing National Sandwich Franchise

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Business Description

Well run and profitable national sandwich franchise (4.5 yelp stars)

Don't miss this opportunity to own one of the best run and most profitable sandwich franchises in Richmond. This store is consistently ranked in the top 10% of sales & profits out of the more than 400 locations nationwide. The store is positively increasing sales revenue. This location is turn-key with all the operational systems in place to maintain the high level of service that customers expect. The franchisor will also provide ongoing support from the regional franchise business consultant. Contact the listing agent for additional details. Qualified buyers will to meet the lease transfer financials requirements of net worth of $500,000 or more.

Detailed Information

Location:
Richmond, VA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,734
Lease Expiration:
10/31/2022
Employees:
18
Facilities:
The restaurant equipment and furniture is well maintained and in excellent condition. The franchisor will thoroughly inspects the equipment prior to any transfer of ownership and require the seller to repair or replace FF&E that is broken or not working properly. The standard equipment package includes the following: walkin cooler and freezer, signage, POS systems, 2 lincoln ovens, all back of house (sinks, shelving, and smallwares), hobart meat slicer, blenders, ice cream freezer, and much more.
Competition:
The restaurant is located along one of the most traveled thoroughfares in Richmond, and it is surrounded by office, complimentary retails, and high earning residential homes. The restaurant is in one of the busiest Class A shopping centers in the city. The city of Richmond has grown at twice the rate of both the state of Virginia and the Nation as a whole, and it continuing to outpace much of the rest of the county. The team in the store delivers exceptions customer services, and has developed a loyal following and reputation in the area.
Growth & Expansion:
The current owner has primarily focused on walk in business, and there is a huge opportunity to increase bottom and top line revenue with catering sales. The location of the restaurant is ideal for targeting universities, schools, and local business for off premises meals. The catering opportunities are limitless and an excellent profit driver.
Support & Training:
1-3 weeks training at the corporate headquarters prior to taking over the business. The duration of the training is based on restaurant and business experience of the buyer.
Reason for Selling:
Will explain with any interested and qualified buyers
Franchise:
This business is an established franchise
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Business Listed By:
Grant Alexander (Restaurant Broker & Consultant)

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