Pizza and Sub Shop

Memphis, MI (Saint Clair County)

Build station
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Asking Price: $79,900

Cash Flow: $37,000

Gross Revenue: $220,000

EBITDA: N/A

FF&E: N/A

Inventory: $4,000*

Rent: $1,425 /Month

Established: 2001

*not included in asking price.

Pizza and Sub Shop

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Business Description

Well established restaurant in northern Macomb county.

This is a well established restaurant that sells subs, pizza, pasta, wings, salads and more. They have been in business since 2001 and have a loyal following. The sale includes everything needed to operate the business: equipment, furniture, fixtures, signs, computers, etc. This is a national franchise and receives continuous radio, TV, billboard, online and print advertising. This restaurant is located in northern Macomb county (on the border with St Clair county). The sale also includes $12,500 in escrow that is held by the franchisor in a remodel fund. Will consider a cash deal of $75K if offer made by 9/15/2019.

Detailed Information

Location:
Memphis, MI
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
6/30/2027
Employees:
4
Facilities:
Baking Oven, Bread Proofer, two speed ovens/toasters (one is NEW), NEW refrigerated cabinet, fountain machine, NEW drink bubbler machine, bottle drink cooler, tables and chairs in dining room (seats 22+), NEW point of sale computer / cash register, surveillance system cameras, NEW digital menu board, walk-in freezer, walk-in refrigerator, 3-compartment sink, prep sink, prep table, two newer sandwich units, etc.
Competition:
Competition is light in this small town. There is a donut shop, a family style restaurant (that closes at 2pm) and a bar/restaurant. Our restaurant receives more traffic than any of the others.
Growth & Expansion:
There is opportunity to provide subs for school lunches at the 3 schools that are within walking distance. The owner participated in the school lunch program for one season, but discontinued the following year due to health issues.
Financing:
Seller will finance balance with $60K down.
Support & Training:
Two weeks of training by the national franchise, one week of training by the local district trainer, additional training available from current owner upon request.
Reason for Selling:
health issues
Franchise:
This business is an established franchise
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Business Listed By:
Dave Thiery

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