Two Profitable Franchise Sandwich Restaurants For Sale

Grand Junction, CO (Mesa County)

Two Profitable Franchise Sandwich Restaurants For Sale
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Asking Price: $549,000

Cash Flow: N/A

Gross Revenue: $1,212,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,475 /Month

Established: 2010

Two Profitable Franchise Sandwich Restaurants For Sale

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Business Description

Great Locations, Popular Destinations, Development Rights

Whether you live in Grand Junction, are looking to relocate here like so many others for quality of life, or are looking for an investment, these businesses provide you with the ability to own your own destiny as part of an established, dynamic, national sandwich brand with locations in over 40 states and internationally. Combined, the two stores had growth in sales in 2018 over 2017, with $1.212 million in gross revenue in 2018. These restaurants are located only three miles apart, in two distinct major trade areas, allowing for efficiencies in management, staffing, and supply chain. Additionally, this sale includes four fully executed development rights that can be used to open franchise locations anywhere franchisor has open markets (subject to franchisor approval of market and franchisee.)

The first location has been offering quality sandwiches, salads, and wraps for nearly ten years in a fun, high-energy environment. This location is blocks from a university with over 10,000 students and less than one mile from the largest medical center between Denver and Salt Lake City. This store has enjoyed packed lunch rushes from the day it opened and has a well-established catering clientele. It boasts one of the highest traffic counts in the city with 30,345 automobiles passing daily, according to the City of Grand Junction, with on-street, unobstructed visibility.

The second location has been a convenient stop for lunch or dinner while shopping in one of the city’s major retail districts for nearly six years. This location is near a high-growth residential area, is located near one of the largest parks/recreation and sports complexes in the city, and is one of the closest restaurants to the city's other medical center/hospital. According to the City of Grand Junction, 26,969 automobiles pass by this site daily. This store enjoys growing catering revenue and is a popular lunch and dinner destination for employees of major retail and big-box stores in the area.

The large menu offers something for everyone with chef-curated choices and a substantial build-your-own section with many diverse, interesting, and cutting edge options. Vegetarians have numerous choices to keep them coming back frequently. At both locations, guests can place their order for sandwiches, salads or wraps on their app, top it off with chips, fries, shakes, and desserts, and pick it up on the run, or enjoy their meal in the store with modern decor and furnishings.

Grand Junction is booming and there is currently an advantageous business climate that is resulting in growth and prosperity. Diversification is key as the area is now being led by the outdoor recreation industry, light manufacturing (much in the outdoor rec segment), tourism, aerospace and aviation, Colorado’s wine country, one of the fastest-growing universities in the state (Colorado Mesa University only 1/2 mile from one location), the newly announced relocation of the Bureau of Land Management headquarters to the city, and a booming health care industry with the largest medical centers between Denver and Salt Lake City. See all the exciting news about what is happening in Grand Junction and Western Colorado at www.gjep.org.

Detailed Information

Location:
Grand Junction, CO
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
N/A
Employees:
30
Facilities:
Both locations come with all the furnishings, fixtures and equipment to continue operations. All equipment is in excellent operating condition. Both facilities are clean and well maintained. Location # 1 is 1,600 SF and location #2 is 1,803 SF, both with more than adequate onsite parking, and good access. Location #1 is under lease until 12/31/19 with an option to renew and the possibility of purchasing the property if the buyer desires to own the real estate. Location #2 is under lease at a current locked-in rate until February of 2024.
Competition:
Both stores are located in prime locations in the Grand Junction market with limited, direct competition. They enjoy high visibility with the city of Grand Junction reporting traffic counts of 30,345 daily by one store, and 26,969 daily by the second store. According to the Milken Institute, a world-renowned nonpartisan think tank, which released its annual rankings in January 2019 of the “Best Performing Cities”, Grand Junction ranked 28th in job growth and 22nd in high-tech GDP growth for small metropolitan areas across the nation.
Growth & Expansion:
Four fully-executed development agreements are a part of this purchase and can be used to open stores anywhere franchisor has open markets. Options could include Western Colorado such as Fruita, Montrose, Durango, or Glenwood Springs. Expand into other Colorado areas such as Vail, Steamboat Springs, or Aspen, or Utah locations, such as Moab or St. George. All the above is subject to franchisor approval of market and franchisee.
Support & Training:
Franchisor provides training at their Franchise University, and seller is willing to assist with the transition by working with the new owner(s) in the stores for an agreed-upon period of time.
Reason for Selling:
Ready for the next stage of our life
Franchise:
This business is an established franchise
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Business Listed By:
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