Lennys Grill & Subs For Sale in Memphis, Tennessee Ready for New Owner

Memphis, TN (Shelby County)

We Sell Restaurants-Tennessee Restaurant Brokers
Contact Seller

Asking Price: $250,000

Cash Flow: $9,719

Gross Revenue: $582,381

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $0.00

Established: 1999

Lennys Grill & Subs For Sale in Memphis, Tennessee Ready for New Owner

Save Print Share Valuation Report

Business Description

Dreaming of purchasing a franchise for sale and becoming your own boss? Here's a Lennys Grill & Subs franchise for sale in Memphis doing sales in excess of $580,000.
Why buy a franchise for sale in Memphis? A music-lovers dream, Memphis is nestled in Shelby County and is ranked as the second most populous city within the state of Tennessee with over 650,000 residents. Tourists flock here year-round to indulge themselves in the music culture and learn about musical greats like Johnny Cash and B.B. King. Elvis Presley called Memphis home, and his famed mansion, Graceland, draws in more than 650,000 tourists per year - second only to the White House!
What makes the Lennys Grill & Subs brand great? That's easy! The Restaurant Brokers love this brand for its Philadelphia-inspired subs as well as their other menu offerings including fresh salads, cold cuts, wraps, and offerings for children. This franchise for sale is a fast-casual concept that is super-easy to manage. No frying and no alcohol means no late nights for you! This business is located inside of a 2,000 square foot building with a reasonable lease rate. This location has been open and operating for nearly 20 years, and the current seller has owned this location for 13 of those years.
This franchise for sale has plenty of room for your customers! 50 seats inside and 10 outdoor seats mean there will be no shortage of space for hungry patrons. Lennys Grill & Subs makes sure all new franchisees are ready to take over their new location with four weeks of corporate training which is covered by the $7,500 transfer fee. Lennys Grill & Subs has a very reasonable royalty rate of 6% of sales, which is far less than the industry standard.

Detailed Information

Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Facilities:
All equipment necessary to run this franchise business
Support & Training:
4 weeks franchise
Reason for Selling:
Other
Franchise:
This business is an established franchise
Business Website:
http://https://www.wesellrestaurants.com
Contact Seller

Contact the Seller

Contact Seller Loading

Robin Gagnon

Business Listed By:
Robin Gagnon

We Sell Restaurants

Show Phone Number

View My Listings

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

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1476747 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Mantle Coffee

Franchise Opportunity
Capital Required: $155,950