Purchase this Restaurant Franchise for Sale - Priced to Move

Knoxville, TN (Knox County)

We Sell Restaurants - Tennessee Restaurant Brokers
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Asking Price: $99,995

Cash Flow: $0

Gross Revenue: $227,942

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,400,000 /Month

Established: 2004

Purchase this Restaurant Franchise for Sale - Priced to Move

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Business Description

Purchase this turn-key, fully-equipped Restaurant Franchise for Sale in Knoxville and join the billion dollar sub sandwich business! Priced to move quickly, this bargain is a bang for your buck with an outstanding rental rate.
This restaurant franchise for sale is part of the $21 billion-a-year sub sandwich category. This store creates delicious sandwiches made with authentic ingredients with an emphasis on customer service that inspires guests to return time and time again. Want to know more about the opportunity in this store? The seller is ready to retire and has multiple locations and businesses. She's not dedicating a full-time effort to this store. The Top 50% of the units for this brand grossed over $750,585 in sales and brought in $81,515 in EBITDA on average. This restaurant franchise for sale unit is a diamond in the rough with sales at just $227,000 but ready for more with an engaged owner, local marketing and the all-important delivery business.
To open a unit like this one which is already updated to the latest standards, We Sell Restaurants would tell you that based on their FDD, you would need to invest from $188,216 - $396,146. Fully-equipped and refreshed to the current brand standards, this unit features everything you need to operate. Cozy seating with single and double booths, tables, chairs and so much more! This location is even equipped with a state of the art security system to protect your new restaurant franchise for sale.
Starting from scratch means headaches from waiting on permits and money spent on build-outs. Time is money and this deal is ready today! With this restaurant franchise for sale, you are stepping into a business that is ready to go from day one! Franchisees are supported by the system with one of the most robust training platforms in the sandwich franchise industry. You get four weeks of training in a certified training restaurant, and one week of training at the Restaurant Support Center. Training and transfer fee is only $7,500.
This restaurant franchise for sale comes with significant marketing support from the corporate office to help you grow your business. As part of your initial training, they coach you on how to market your new restaurant online, including on your social platforms such as Facebook, Twitter, and Instagram. On an ongoing basis, they provide marketing materials to help with both digital and print campaigns. Royalties are 6% of sales and marketing fees are 2% of sales.
This 2,000 square foot restaurant franchise for sale has a monthly rent including CAMS, taxes, and insurance of only $2,700, which is well below market value for the area. The lease currently expires in 2020 and has an option to renew
Located in the gorgeous state of Tennessee, this restaurant franchise for sale is in Cedar Bluff, which is the heart of West Knoxville. A prime location, you are surrounded by hotels, a gym, multiple car dealerships, and corporate offices. With several elementary and high schools nearby, the marketing opportunities are endless. If this location was not advantageous enough, this restaurant franchise for sale is located right off an I-40 exit. What better way to attract customers than the thousands of cars commuting daily.
Knoxville is also home to the University of Tennessee, along with several smaller colleges. College students are known to be a stable and voracious customer base.
Contact the restaurant brokers today to put in your offers before this restaurant franchise for sale is gone!

Detailed Information

Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
1/31/2020
Employees:
6
Facilities:
28 Wooden Chairs 5 30x30 Tables Round Table and Base 48in 1 24x30 Table 4 42x48 Single Booths 6 42x48 Double Booths 8 30x48 Tables Beverage Counter POS Cabinet Sink Pass thru Window Sneeze Guard 3 30x72 Worktables 3 30x48 Worktables 2 30x60 Worktables Equipment Stand Miscellaneous F and F Desk and Office Chair Walk In Cooler Exhaust Hood 2 Slicers Step in Freezer 1 Section Refrigerated Counter 2 Section Refrigerated Counter Ice Maker Refrigerated Merchandiser Deli Case Proofing and Holding Cabinet Convection Oven Electric Grill 2 Mobile Pan Packs Scale Microwave Oven Safe Tomato Slicer Miscellaneous Equipment Interior Signs 2 Outdoor Signs Cap Interest Vacuum POS System 2 Televisions Security System Printer Fax Computer Monitor Computer Monitor Desktop Computer
Competition:
Excellent location in the Cedar Bluff area in the heart of West Knoxville Excellent established retail and residential sections within a three-mile radius High-income area Multiple schools Rent is well below market
Growth & Expansion:
Plenty of room to grow and expand to multiple locations
Support & Training:
3 weeks Franchise Training
Reason for Selling:
Relocation
Franchise:
This business is an established franchise
Business Website:
http://https://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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