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Subway Franchise/Salt Lake County/30 Yrs. in Business/Absentee

Salt Lake County, UT

Subway Franchise/Salt Lake County/30 Yrs. in Business/Absentee
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Asking Price: $223,000

Cash Flow: $70,000

Gross Revenue: $398,000

EBITDA: N/A

FF&E: $40,000

Inventory: $2,000

Established: N/A

Subway Franchise/Salt Lake County/30 Yrs. in Business/Absentee

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Business Description

This is Salt Lake City’s Oldest and Highest Revenue Subway Franchise. This is a turn-key operation that is currently absentee owned and operated, which could provide even more cash flow for an owner operator. The store has been in business for over thirty years but there is plenty of opportunity to grow the business for a new and aggressive owner as the store does relatively little catering or delivery but is near many industrial and commercial businesses. The store is fully staffed and with a manager in place. Financing is available for a qualified buyer.

Detailed Information

Location:
Salt Lake County, UT
Inventory:
Included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
There is currently a long-term lease in place with favorable terms. The business is situated on a high traffic count street with plenty of parking and an easy access drive through. The current lease is appx. $4,000/mo., expiring in 2021, with two options to extend. All fixtures, equipment, and furniture are in like new condition. Subway is the #1 restaurant chain in total store count with more locations that any other Quick Service Restaurant. The current owners have recently spent close to $20,000 on upgrades and are over four years on the current remodeling schedule. Highlights of the opportunity include: • Over Thirty Years in Successfully Business • Established & Proven Franchise • Continuous Support & Training from Franchisor • Ranked as the #1 Franchise • Drive-through • Large Space to Accommodate Growth and Catering • Tier Two Store with Excellent Demographics • SBA Pre-Approved for a Qualified Buyer • Absentee Owned and Operated
Competition:
There is limited direct, nearby competition. Subway does all the marketing for you – TV, Radio, Direct Mail Coupons, Billboards, Social Media, Text Messages, etc.
Reason for Selling:
other interests
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Saul Komisar

Business Listed By:
Saul Komisar

Transworld Business Advisors of Utah

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