Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Franchise Sub Sandwich in Affluent North Dallas
(Restaurants)
Collin, Texas
Listed Price: $ 139,000
Listing ID: 000858

Listing DetailsDown Payment: $ 70,000
Gross Revenue: $ 250,000
Cash Flow: $ 50,000
FFE: $ 75,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Other opportunity


Training & Support:

Corporate will provide 3 week training as well as transition 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 in 2010 as one of the early locations of this franchise by previous owner and acquired by current owner in 2017. This franchise has grown to over 400 locations as of today. This business is in a 1,500 SF space of a retail strip center of power center located next to one of the busiest road of a city with heavy traffic and nearby densely populated residential area and numerous businesses that attract a number of people to the area. This business not only offers signature superior quality sandwiches, but also create-your-owns, gyros, wraps, and health conscious menu such as vegan, vegetarian, and gluten free options to accommodate all kinds of customer preferences. Recently, this franchise location has added gelato Italian ice cream made by well-known gelato ice cream brand to their product line 7~8 months. Competition is unavoidable in this type of industry, but there is a plenty of rooms to grow for all competitors in the immediate market area due to its prime location and its sufficient, rapidly growing demand in this affluent city. This national franchise sub shop has been well-positioned in immediate market area and have been successfully operated due to its strong brand awareness and superior, strong product line. Net sales average has been approximately $250K/year for the last few years without any proactive marketing and much of owner's involvement in the business. The sales are expected to increase with the recent addition of new product - gelato ice cream. Although some marketing is in place through the franchisor, more of store-level proactive marketing method needs to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. Current, sophisticated POS system and ordering-enabled smartphone app developed by franchisor has helped the business's operation flow much better, allowing this business to enhance the way customer are served and handled. This business is one of the fastest growing fast food franchises that offer simple operation with quality and superior ingredients. This business is profitable as owner absentee operation and with proactive owner-operator, there is a huge potential to increase the overall revenues and profit because of the location and reputation of the brand.


Competition:

There are quite a few competitors in the immediate market area, but the market has a plenty of rooms to compete for all competitors with full of demand and growth.


Potential Growth:

Some marketing is in place through Corporate, but more offline marketing is necessary as there is none. As it is operated as owner absentee, pro-active owner involvement in day to day operation will cut down excessive wages expense as well.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1500
Facilities:

Located in 1,500 SF retail strip center of power center in the hub of strong retail zone in a city surrounded by a full of national retail stores, numerous businesses, and fast food restaurants, which creates tremendous foot traffic. All equipment is well-maintained and in excellent working condition.


OperationYear Established: 2010
Employees: 2FT/4PT
Absentee Owner: Yes