Subway Franchise $35,000 down owner finance

Lodi, CA (San Joaquin County)

Subway Franchise $35,000 down owner finance
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Asking Price: $70,000

Cash Flow: N/A

Gross Revenue: $352,600

EBITDA: N/A

FF&E: $60,000

Inventory: $3,000*

Rent: $0.00

Established: 1996

*not included in asking price.

Subway Franchise $35,000 down owner finance

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Business Description

Sandwich Franchise $35,000 down

Established for many, many years. Absentee owner has been with Subway for over 28 years. Is motivated to sell and is willing to finance the deal subject to sellers approval. May even consider interest only the first year. The process for a new franchisee will take up to 6 months to complete. Do not have to have any previous food experience. Ideal for a husband or wife or family member. Will work long hours in order to reduce existing payroll from 33 + % down to about 16%. This store has been run absentee for over 20 years. Historical sales have been much higher.Plan to be an OWNER/OPERATOR. IT DOES NOT MAKE SENSE TO PURCHASE THIS AS A PART TIME OR ABSENTEE OWNER. $ 35,000 DOWN

Detailed Information

Location:
Lodi, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
5/20/2020
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a large shopping center. THE CAPITAL GROUP WILL NEGOTIATE A RENT REDUCTION WITH LANDLORD SUBJECT TO BUYERS APPROVAL. The store shows well and there may be remolding requirements in the future. In the last two years Subway has waived this requirement.
Competition:
Yes there is competition in the area. Some that will be beneficial to this store.
Growth & Expansion:
Growth is very much a possibility here. The seller has other stores to sell in the future.
Support & Training:
Buyer will have to go through an interview process and pass the simple Subway exam. After acceptance by the Local Subway office buyer will have to go through approx. 40 hours of training in a local store before they can be approved by the Subway Corporate office. Once approved buyer will then be scheduled for 2 weeks of training in Connecticut. The entire process can last about 6 months or less.
Reason for Selling:
Multi unit franchisee wants to retire is in her 80's
Franchise:
This business is an established franchise
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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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