Own 4 restaurants in two locations with high traffic!
Business Description
This is a unique opportunity to hit the ground running with four highly rated restaurants in two locations. Jon Smith Subs is a premium grilled and deli subs franchise, and The Meaner Wiener is a self-started "ghost kitchen" within these locations that offers giant gourmet hot dogs other items, most all of which share ingredients with Jon Smith Subs, so food costs are greatly reduced and food waste is minimized. Since the locations are only about 7 miles apart, they are also easily managed by someone living in the area. We have done all the leg work of starting up these two locations and have them fully staffed and equipped. Both locations are in leased spaces, but include all the equipment, inventory, POS systems (Toast), and inventory. We have also built a loyal following of customers, and we are greeted with a boost in business when Lincoln Memorial University is in session, not only from the students, faculty and staff, but also from visiting sports teams, who place large orders with us for delivery to their hotels or to the sports venues on campus. Also included in the sale is a 2012 Honda CR-V delivery vehicle, which generates about $300-$500 per day during the week serving the factories in nearby Tazewell and New Tazewell, TN.
About the Business
- Years in Operation
- 3
- Number of Employees
- 12
- Franchise
- This business is an established Jon Smith Subs franchise
- Facilities & Assets
- Both locations feature all equipment and seating and have indoor and patio seating areas. The Middlesboro location features a drive-thru window. Both locations are located off off a busy US HWY 25E, which serves as "Alternative I-75" on both sides of the Cumberland Gap Tunnel and are located in close proximity to The Cumberland Gap National Historical Park, outdoor recreation areas, hiking trails, and ATV/UTV riding trails. Both locations also draw a lot of business from Lincoln Memorial University and from visiting athletic teams that order in bulk.
- Website
- https://www.jonsmithsubs.com/harrogate-tn
- Market Outlook / Competition
- Both are located in prime locations off of a busy US-25E, which serves as an "alternative I-75" for drivers heading to and from NC and SC or OH, MI, and IN to cut time and distance off the drive. Jon Smith Subs is the only premium grilled subs option in the area, and The Meaner Wiener is the only gourmet hot dogs restaurant in the area, and both share ingredients.
- Opportunities for Growth
- Opportunity exists to assume a multi-unit development agreement with Jon Smith Subs and to expand the brand of The Meaner Wiener and possibly offer franchises of it.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,700
- Rent
- $3,833.00 per month
- Lease Expiration
- 7/1/2028
About the Sale
- Seller Motivation
- Owner would like to refocus on his other career in the electronics industry and
- Transition Support
- Jon Smith Subs corporate and local owner will provide training of new owners.
- Financing Options
- Buyer must bring their own financing
Listing Info
- ID
- 2387646
- Listing Views
- 443
Listing ID: 2387646 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.