Successful Subway Restaurant for Sale

Pensacola Beach, FL (Santa Rosa County)

Successful Subway Restaurant for Sale
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Asking Price: $300,000

Cash Flow: N/A

Gross Revenue: $570,000

EBITDA: N/A

FF&E: $200,000

Inventory: $10,000

Rent: $3,200 /Month

Established: 2010

Successful Subway Restaurant for Sale

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Business Description

This is a high volume, established Subway store located in an area with no competition. There are daily regulars as well as thousands of tourists in the area of our beautiful Pensacola Beach. There are regular activities which draw in even more customers such as road races, car shows, boat shows, jet ski and boating events etc.. This is also the area that is home to the Blue Angels Air show and a great 4th of July and summer season. In the off season it is a little slower but the locals from the hotels, construction and local services all come in for daily sandwiches. The increase in profits since I took ownership have grown by 30%. The store is small, clean and has a great existing staff. Owner must be present for this to continue as I have found that being present is what is making it successful! The location is on the beach and there just is no other competition such as other "fast food" restaurants that will ever be able to build on this beach. It really is a lovely location and store!

Detailed Information

Location:
Pensacola Beach, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
3/9/2022
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
In the past year I have updated / replaced all equipment: Air cond. motors, freezer and fridge motors and fans, ice machine, microwave and basically any equipment that was outdated. The store has full seating for 24 and delivery is available in the area, just too much volume at this time for consideration, needs to be expanded for that to occur. The sale would include all existing assets as they are all paid off and are included in the store sale.
Competition:
There is NO competition in the area. The footprint of our island is done growing and no more building of any type of quick service restaurants will be done. This store is the only place on the island where families can go to get a decent priced, fresh and quick as well as friendly atmosphere breakfast, lunch or dinner.
Growth & Expansion:
There is a possibility of growth in the delivery market, I have just not taken that on as my volume is so high and the store needs to be re-worked to fit a back line unit for this. There is a possibility of a 'walk up" window to serve the beach but due to high volume on the regular line I have not perused this avenue yet.
Financing:
Seller looking for a cash deal, not willing to finance as it is paid off.
Support & Training:
Subway requires a visit to the local DA to qualify for ownership, then school in CT before taking ownership. Schooling is relative and support from local and personal Subway coordinator are awesome! There is also continued education through Subway online and a 24hr tech support line system.
Reason for Selling:
I am ready for retirement
Franchise:
This business is an established franchise
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Business Listed By:
Holly Forrester

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