Subway $447,130 net sales, $50,000 Down

Lodi, CA (San Joaquin County)

Seller Financing Available
Subway $447,130 net sales, $50,000 Down
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Asking Price: $250,000

Cash Flow: N/A

Gross Revenue: $447,130

EBITDA: N/A

FF&E: $70,000

Inventory: $3,000

Rent: $3,030 /Month

Established: 1990

Subway $447,130 net sales, $50,000 Down

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Business Description

Subway Net sales $447,130, $50,000 DOWN

Present absentee owner for over 23 years. Weekly sales for 2019 ARE UP over 2018 weekly sales. Seller has been in the Subway system for over 30 years and is retiring.Seller WILL FINANCE THIS SALE WITH $50,000 DOWN AND A SELLER NOTE OF $200,000. THIS IS THE PERFECT OPPORTUNITY FOR AN OWNER OPERATOR TO CREATE AN INCOME OF BETWEEN $70 AND $80,000 PER YEAR BEFORE DEBT SERVICE. Seller has financed other stores in the past and is very flexible with the financing. Long Term lease with present rent at 3,030 per month. Lease is up in July of 2022 with (2) five year options. Shows well with GREAT EXPOSURE on high traffic blvd. in a large shopping center. DON'T MISS THIS !!

Detailed Information

Location:
Lodi, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
7/31/2022
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,200 sq. ft. shows well. Keep in mind that the Franchisor may require a remodel of the store in the future at a cost of approx $25,000.
Competition:
Yes there is competition all around. Sales can easily be increased with an owner/operator because the owner/operator gets involved with the community. The general public likes this. This is not rocket science !
Growth & Expansion:
See above.
Financing:
$200,000
Support & Training:
Franchisor will require the buyer to most likely spend 40 hours working in a subway store before they complete the approval process. (for new buyers only). A new franchisee will have to attend training in Milford, Connecticut. The Transfer fee for an new buyer is $7,500.
Reason for Selling:
Retiring
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(from currently available funds)
 
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michael marich

Business Listed By:
michael marich

The Capital Group

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