Subway Sandwich Franchise for sale.

Hennepin County, MN

Subway Sandwich Franchise for sale.
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Asking Price: $70,000

Cash Flow: N/A

Gross Revenue: $274,000

EBITDA: N/A

FF&E: $25,000

Inventory: $4,000

Rent: $1,600 /Month

Established: 2010

Subway Sandwich Franchise for sale.

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Business Description

Subway specializes in sandwiches “built” to each customer’s request. They are known for fresh baked breads, wide variety of meats, cheeses and vegetables. The menu includes breakfast, sandwiches, fresh fit choices, salads, fresh fit for kids, sides, drinks and extras. Subway also offers catering with piled-high sandwich platters, giant subs and assorted desserts.
Today, the SUBWAY brand is the world’s largest submarine sandwich chain with more than 44,000 locations around the world.
This location is located inside of a Walmart, with all the equipment and inventory needed in place to ensure a smooth transition.
Owner purchased this location 10 months ago. Owner needs to spend more time at home with new baby.
FACILITY: Walmart, 900sq. ft. Monthly rent is approx. $1,600, this includes CAM and property tax.
EMPLOYEES: 1 Full-time manager and 5 Part-time.
GROSS SALES: 2018 Sales were approx. $274,000, Sales in 2019 is up over 2018 through July.
ASKING PRICE: The owner is asking $70,000 for this location. An “average” start-up cost for a Subway restaurant like this is $250,000. This includes approx. $25,000 in equipment and approx. $4,000 in inventory. The Buyer is responsible for an approx. $5,000 Franchisor’s Transfer Fee and 2 weeks of Franchise School in Connecticut.
Franchisees pay 8% in royalties and 4.5% in franchise marketing fees (subject to change). Buyer must be approved as a franchisee by corporate and training will be mandatory.
REASON FOR SALE: Family.

Detailed Information

Location:
Hennepin County, MN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
900
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Walmart, 900sq. ft. Monthly rent is approx. $1,600, this includes CAM and property tax.
Support & Training:
Seller willing to train new owner at no cost. Franchisor has required training as well.
Reason for Selling:
Family
Franchise:
This business is an established franchise
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Bill Kraemer

Business Listed By:
Bill Kraemer

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Sponsoring Broker:
Thomas Green

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