North Shore, Waterfront Nearby ~ Subway Franchise
Business Description
SELLING PRICE: Asking $100K DOWN PAYMENT: only $50K cash req’d.
SALES VOLUME: Store did $9300.00 this week, $8400.00 last week.
Owner has been absentee until 2 weeks ago. Numbers were $7K when owner was not present.
Appraised value of a Food & Beverage business is a snapshot of what the business is doing NOW, not what it did last year ,or the year before. Sales that are generated NOW, and can be physically verified NOW, constitutes current appraised value.
LEASE: $4,100/mo. (includes NNN) Years left: 2 + 5+5
SQUARE FOOTAGE: approx. 1,200 sf.
HOURS OF OPERATION: 7 days. 9 am -9 pm
SEATING: 20 seats
Verifiable annual net profit: $50,000 -$80,000/yr.
COMMENTS: Where can you buy a franchise with only $50,000 cash required? This store was newly renovated…beautiful equipment…Brand New Top To Bottom simple and easy. If you own one Subway, here’s your chance to own TWO. Your out-of-pocket investment of $50K is back in one year.
Franchisee requirements are a net worth of $150,000, plus $100K in cash. This is separate from the asking price for those of you that do not already own a Subway. Current owners of Subways are already qualified and do not have to meet these requirements.
SALES VOLUME: Store did $9300.00 this week, $8400.00 last week.
Owner has been absentee until 2 weeks ago. Numbers were $7K when owner was not present.
Appraised value of a Food & Beverage business is a snapshot of what the business is doing NOW, not what it did last year ,or the year before. Sales that are generated NOW, and can be physically verified NOW, constitutes current appraised value.
LEASE: $4,100/mo. (includes NNN) Years left: 2 + 5+5
SQUARE FOOTAGE: approx. 1,200 sf.
HOURS OF OPERATION: 7 days. 9 am -9 pm
SEATING: 20 seats
Verifiable annual net profit: $50,000 -$80,000/yr.
COMMENTS: Where can you buy a franchise with only $50,000 cash required? This store was newly renovated…beautiful equipment…Brand New Top To Bottom simple and easy. If you own one Subway, here’s your chance to own TWO. Your out-of-pocket investment of $50K is back in one year.
Franchisee requirements are a net worth of $150,000, plus $100K in cash. This is separate from the asking price for those of you that do not already own a Subway. Current owners of Subways are already qualified and do not have to meet these requirements.
About the Business
- Years in Operation
- 7
- Employees
- 3
- Franchise
- This business is an established SUBWAY franchise
- Facilities & Assets
- Facility is over 1200 SF. Completely new build-out. This store is absolutely beautiful. If you already own a Subway, here is your chance to pick up another location for $50K out of pocket investment.
- Market Outlook / Competition
- Nothing in the area, only Subway in the city.
- Opportunities for Growth
- Sky is the limit with this beautiful location. With millions spent in advertising for this brand, its a no brainer!
Directly next to one of the busiest train stations in the state. Tons of parking. The train station is literary next to the business.
About the Sale
- Seller Motivation
- Owner have 5 other Subway locations out of state
- Transition Support
- There will be training provided for a new arrival to the Subway concept...
- Financing Options
- Owner is willing to finance $50,000 of the $100,000 purchase price
Listing Info
- ID
- 2357441
- Listing Views
- 1544
Attached DocumentsAttachment Disclaimer
Listing ID: 2357441 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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