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Lenny's Franchise for Sale in Memphis - Favorite For 20 Years!

Memphis, TN (Shelby County)

We Sell Restaurants Franchise For Sale
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Asking Price: $210,000

Cash Flow: $80,201

Gross Revenue: $693,233

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,120 /Month

Established: 1999

Lenny's Franchise for Sale in Memphis - Favorite For 20 Years!

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Business Description

Established Lenny's Grill and Subs Franchise for Sale has been a Town Favorite for Almost 20 Years! With Raving Online Reviews, it's No Wonder this Gem Generates Top Line Sales close to $700,000 with an Owner Benefit of almost $80,000!
Located in the heart of Memphis, this Lenny's Grill and Subs franchise for sale has been around since the start of the new millennium! With a loyal customer base of regulars, this restaurant is guaranteed to be around for another 20 years!
Set right off a busy exit that feeds from a bustling interchange off an interstate, this Lenny's Grill and Subs franchise for sale is not short on customers. In fact, they once advertised on a billboard on the interstate and it brought it heaps of customers. Due to them selling the restaurants, they decided to not renew their advertisement contract, but this billboard space could be a great investment considering the location!
Interstates and billboards aside, there are also plenty of neighbors that contribute to their success; Multiple government offices, a barrage of hotels, banks, apartment complexes, a plethora of outdoor and indoor shopping centers, over TEN different schools, and so much more! By implementing direct mail advertising and offering delivery and discounts at the local hotels and schools, you could double your take-home revenue in just a few years!
Even if you don't quite have the dollars to follow your dream - don't fret! This profitable Lenny's Grill and Subs Franchise for sale qualifies for SBA lending! We Sell Restaurants has built a strong rapport with many lenders and can help you get approved in days, not weeks!
This mega-brand is one of the top performers in the country with a loyal following. Become your own boss without going into business alone! For use of their instantly recognizable trademark, award-winning fresh recipes, and proven successful methodology, there is a 6% of sales royalty fee. They will also send you materials to promote your new Lenny's Grill and Subs Franchise for sale (both nationally and locally), for which there is only a 2% marketing fee. This is a household name, which is why this business delivers over $80,000 and sales of almost $700,000.
The owner has put his heart and soul into this Lenny's Grill and Subs Franchise for sale and wants to find someone with the same zeal and energy that brought him to open the restaurant in the first place. Featuring a gorgeous 2000 square foot build-out, the monthly rent of only $4,127 is extremely reasonable. That includes taxes, insurance, and CAMS!
With the fantastic location, the backing of a mega-brand, and the phenomenal lease rate - this gem won't stay buried for long! Contact the restaurant brokers today and start securing your tomorrow!

Detailed Information

Location:
Memphis, TN
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
9/30/2022
Employees:
11
Facilities:
Refrigeration Deli case 4 door True Prep table 2 door Maxx Cold Prep table 1 door True Can display glass 2 door True Walk in cooler Ice machine Koolaire 2yrs old 2 single door Freezer Kenmore 1 single door Freezer Artic air Slicer Berkel 2 Convection oven South bend Bread proofer Metro Steamer Metro Star Grill and flat top Soda dispenser with pump and CO2 tank Tea brewing machine 2 8ft booths w table 8 4ft booths w table 6 square tables 24 chairs POS system 2 terminals and back office computer Safe 7 stainless steel prep tables 2 hand sink Mop sink 3 bin sink Bread display box 3 Bread racks
Competition:
In the center of a large shopping center and a lot of traffic around the general area Many regulars and repeat customers have been coming here for a long time
Growth & Expansion:
Assists in community development and expansion is possible into neighboring communities
Support & Training:
4 Weeks
Reason for Selling:
Retirement
Franchise:
This business is an established franchise
Business Website:
http://www.wesellrestaurants.com
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Robin Gagnon

Business Listed By:
Robin Gagnon

We Sell Restaurants

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The Georgia Association of Business Brokers (GABB).


Sponsoring Broker:
Eric Gagnon

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