Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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National Franchise Superior Sandwhich Shop
(Restaurants)
Tarrant, Texas
Listed Price: $ 289,000
Listing ID: 000794

Listing DetailsDown Payment: $ 289,000
Gross Revenue: $ 519,000
Cash Flow: $ 126,579
FFE: $ 100,000 (Included in Price)
Inventory: $ 6,000
Reason for Sale:

Acquired another business simultaneously and would like to focus and concentrate growing the other business.


Training & Support:

Corporate will provide 3 week training as well as support from the owner to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Prime location high quality national franchise sandwich shop is available for acquisition. This business was originally established by previous owner in 2011 and acquired by current owner in late 2018. This business is located in the epicenter of the recently finished shopping plaza conveniently located next to a major highway in the city surrounded by densely populate homes in a growing area. Due to rapid growth and development in the area, many other fast food restaurants have opened up in the recent past and the sales has slightly decreased because of the competition, but it has now stabilized since. Net sales average has been approximately $500,000-$550,000/year last few years without any proactive marketing and much of owner's involvement in the business. Although there are corporate marketing is in place, there are other ways to grow and maximize profit by more proactive marketing such as coupons and flyers to nearby homes and corporate businesses to be fully exposed and to attract new customers in the untapped area nearby the business. Also since this business is operated as completely owner absentee, more owner involvement in the catering sales to acquire corporate accounts in the nearby corporate businesses, schools, and even the airport which is only few miles away. Although the owner is minimally involved in the overall operation, experienced manager and staffs are in place whom are all cross trained and are capable of running the store without the owner being there. This business not only offers signature high quality sandwiches, but also creates your own, gyros, wraps, and health conscious menu such as vegan, vegetarian, and gluten free options to accommodate all kinds of preferences. This business is one of the fastest growing fast food franchises that offer simple operation with quality and superior ingredients. This business is profitable operated as owner absentee and with proactive owner who is willing to be an owner operator, there is a huge potential to increase the overall profit because of the location and reputation of the brand.


Competition:

There are many other fast food restaurants nearby the business, but this business provides superior quality sandwiches and other health conscious options.


Potential Growth:

Focusing on acquiring accounts and customers for catering from nearby corporate businesses, schools, and airport will have immediate effect on the overall sales. As it is operated as owner absentee, active owner involvement will reduce wages expense as well.


Financing/Terms:

100% down at the time of closing or the owner will finance up to $50,000.


LocationSquare Footage: 1460
Facilities:

Located in 1,460 SF retail strip center in the epicenter of shopping center anchored by national retail store and numerous businesses and fast food restaurants, which creates tremendous foot traffic. The area itself and the city have grown tremendously in the past and are surrounded by densely populated homes and have easy access from the major highway.


OperationYear Established: 2011
Employees: 3FT/5PT
Absentee Owner: Yes