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Listing #5243

#1 Sandwich Franchise in Upscale High Income Area

Price: $315,000
#1 Sandwich Franchise in Upscale High Income Area

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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.
Agent Stuart Schlosser DRE License #01809021
   
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General Information
Listing Status: Available
Price: $315,000
Location: San Fernando Valley
Last Year's Annual Gross: $523,120
Lease Information: 7/31/2021 + 5 yr option
Indoor Seating: 12
Number of Parking Spots: lots
# of Part-Time Employees: 10
# of Working Owners: 1
Hours Open: Mon- Fri 6AM- 10PM Sat 8AM - 9 PM Sun 9AM- 9PM
Year Established: 2001
Hood System Type 2: Yes
Highlights
  • Nations #1 Franchise

  • Great Upscale area thats growing

  • Strong Sales

  • National Advertising

  • Great Franchisee Support and on going Training

  • Online Employee Training



Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.



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