Subway Franchise- 2 Store Opportunity

Memphis, TN (Shelby County)

Subway Franchise- 2 Store Opportunity
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Asking Price: $279,000

Cash Flow: $186,483

Gross Revenue: $841,908

EBITDA: N/A

FF&E: N/A

Inventory: $17,000*

Rent: $2,218 /Month

Established: 1999

*not included in asking price.

Subway Franchise- 2 Store Opportunity

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Business Description

This is your chance to own two well established Subway stores in high-traffic locations in Memphis, TN. They are located a short distance from each other, so management is conducive. The stores currently have a strong cash flow and new owners will be in the positive very quickly. There is a positive up=side for a new owner operator as new owner training will reestablish food costs and marketing opportunities. The stores are situated in busy strip centers with a favorable lease in place with options. This business is a leader in the fast-casual restaurant business and name recognition is second to few. Owner wants to sell the two stores as a package, but could consider splitting for the right opportunity.

Detailed Information

Location:
Memphis, TN
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
5/31/2019
Employees:
6
Facilities:
Store #4199 is approximately 1200sf of strip center space and seats approximately 24. Total Rent is $2218. Original Lease expires in May 2019 and has 2- 3year options. Store 3206 is approximately 1400sf and seats approximately 24
Competition:
There are several other sandwich shops in the immediate area, but these stores are clearly set apart by brand recognition and value. The high quality ingredients combined with weekly specials, quick-dependable service and variety of options proves what this is the number-one franchise brand in the world.
Growth & Expansion:
Growth opportunities render themselves in the form of additional marketing along with increased catering. There are many businesses and hospitals in the area that would use the catering services of these businesses.
Financing:
Cash to Seller at closing.
Support & Training:
Purchaser must be qualified as franchisee prior to closing. Franchisor will provide two weeks training at headquarters. Lodging, transportation and meals are at trainees expense. Continued training and support provided ongoing by Franchisor.
Reason for Selling:
Moving out of state.
Franchise:
This business is an established franchise
Business Website:
http://subway.com
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Steven Rose

Business Listed By:
Steven Rose

Crye-Leike Commercial

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