Subway Franchise/$556,916 yr.

Lodi, CA (San Joaquin County)

Seller Financing Available
Subway Franchise/$556,916 yr.
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Asking Price: $250,000

Cash Flow: N/A

Gross Revenue: $556,916

EBITDA: N/A

FF&E: $400,000

Inventory: $8,000

Established: 2017

Subway Franchise/$556,916 yr.

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Business Description

Established Subway Franchise with long term lease at 8% of annual sales.Subway has a sister franchise next door. Combined they did $556,916 in net sales in 2018. However, absentee ownership led to manager & hourly labor exceeding 45% of annual sales. THIS IS CRAZY ! Just lowering payroll to 23% (normal for Owner Operator) would add 22% to the bottom line plus the existing profit. THIS IS A GREAT DEAL FOR AN OWNER OPERATOR WHO DESIRES TO PURCHASE THEMSELVES A JOB THAT CAN BE TURNED INTO AN INVESTMENT IN LESS THAN TWO YEARS. Don't miss out on this one with $50,000 down !!

Detailed Information

Location:
Lodi, CA
Inventory:
Included in asking price
Employees:
3 ft 25 pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Long Term lease. Clean throughout. No remodel for over 8 years. Captive clientele. It doesn't get any better than this.
Competition:
There is no immediate competition. Subway and the sister franchise cater to a captive clientele.
Growth & Expansion:
These two franchises have not come close to what they are capable of doing in annual sales simply because of poor management challenges like 45% labor when it should be 18 to 23%.
Financing:
200,000
Support & Training:
New Franchisee will have to go through 4 weeks of working in a Subway store and then spend 2 weeks in Connecticut. The entire process may going through interviews, etc will take up to 5 months plus the requirements of the sister franchise to follow.
Reason for Selling:
Have been with Subway for over 30 years
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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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