Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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2-Location High Volume National Franchise Sandwich Shops
(Restaurants)
Grayson, Texas
Listed Price: $ 600,000
Listing ID: 000923

Listing DetailsDown Payment: $ 120,000
Gross Revenue: $ 1,574,733
Cash Flow: $ 240,582
FFE: $ 250,000 (Included in Price)
Inventory: $ 14,000
Reason for Sale:

Other opportunities


Training & Support:

While Corporate will provide comprehensive hands-on training, the current business owner will provide training and support to make the transition as seamless as possible.


Listing SummaryBusiness Description:

2-Location National Franchise sandwich shop with high volume sales is now available for acquisition as a package deal. The first free-standing location was established in 2014 and the second location in the end-cap space of a retail strip center was built in 2016 by the current owner of the business. Most of the customer base consists of individuals that live in the surrounding densely populated residential neighborhoods, but the second location has a fair amount of tourists as well as students as it's next to a well-known university. The combined sales of the businesses is $1,574,000/year that has been consistently growing each year of operation as the population of the local area grow as well as corporate advertising bringing new customers on a daily basis. Competition is expected for any franchise businesses, but these businesses are perfectly placed in an area without many similar types of businesses as well as providing a quick service product compared to full-service restaurants. Although some marketing is in place, other proactive marketing methods within the local area for each location by the current owner will be extremely beneficial to the further growth of both businesses. There are many ways to proactively market these franchises such as direct mailing, student discounts, email coupons, university catering service and full-time owner operator. Having a full-time owner operator in place will allow this business to generate much more cash flow by reducing wage expenses used on managers to manage each business location. These 2 national franchise sandwich shops is optimally placed and is ready for a potential buyer to proactively market these businesses while being fully involved in the day-to-day business operations.


Competition:

There are no true competitors within the immediate market area of the first location. For the second location, there is one indirect competitor within the immediate market area, but the demographics is completely different as the competitor is a full-service restaurant.


Potential Growth:

Corporate marketing is in place that brings consistent stream of revenue, but other marketing tactics in the local area is needed to increase customer acquisition and grow sales.


Financing/Terms:

100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 2294
Facilities:

The first location is located in a 2,294 SF space of a free standing building surrounded by nationwide retailers and is next to a major highway with full of traffic. The second location is in a 2,800 SF end-cap space of a retail strip center surrounded by many retail businesses and is nearby a well-known university.


OperationYear Established: 2014
Employees: 4FT/28PT
Absentee Owner: No