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This Franchised SUB Shop is located in a major shopping center in the San Fernando Valley. It has been in business since 2001 serving this High End Community. This community continues to grow as more homes and businesses are being built in the immediate area growing the customer base potential. There's a Major Medical Facility, Hotel, Movie Theater, Ice Skating Rink, Major Healthy Grocery Store and other business in the process of being built in area right now all bring with them more potential customers.
The business has been seeing sales averaging over $10,000 per week for past couple years and 2018 is at a good pace to see this trend continue. Owner has been bringing home an adjusted income of $67,000 in 2015, and $71,000 in 2016... 2017 taxes are almost complete. The rent is approx $5,600 per month total.
Buyer will need to be approved by local Franchisor representative in passing a standardized test. Then the Buyer will need to pay cost of travel, accommodations, ETC to get to Franchisors training facility for the 2 week training in which all aspects of the business operation and controls will be taught as well as hands on training in the field at local sub shops.
Buyer must have a minimum of 50% Cash plus closing costs, inventory cost and travel monies to go to training. There are companies that deal with this franchise that can be contacted for loan on balance that can be shared once approved by Franchisor. Franchisor may also require a balance in reserve for up coming remodel, this will also be discussed during initial meeting with Franchisor.
The deal includes the restaurants goodwill, furniture, fixtures and equipment owned by owner.
The franchisor charges 8.5% for royalties and 4% for advertising fund from net sales.
This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021