MergerPlace

Fastest-Growing Sandwich

North Carolina (Craven)


  • Asking Price: $134,000
  • Gross Income: $595,311
  • Cash Flow: $59,221
  • Real Estate: Not Disclosed
  • Inventory: $4,865
  • FF&E: $73,000
  • Listing ID: #222194
  • Established: 2014
  • Employees: 3 FT / 6 PT

Business Description

Great location, great price, great value. This franchise Sub Sandwich store location was established in August 2014 in Eastern North Carolina. The store is highly visible and is even promoted to passing traffic by billboards on the nearby highways. This is an ideal business for a hands-on owner that wants to break into the industry or expand his/her already profitable store portfolio. The Company estimates that a new potential franchisee’s initial investment could range between $300,000 and $485,000. Buy an existing, profitable location for a fraction of the cost of what it would cost to start a new location.

Note - Eligible for six months of principal and interest paid under the CARES Act, if closed or registered before 9/27/20, while funds last.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: North Carolina
County: Craven

Company Information

Year Established: 2014
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3 FT / 6 PT

Financial Information

Asking Price: $134,000
Gross Revenue: $595,311
Cash Flow: $59,221
FF&E: $73,000
Inventory: $4,865
Seller Financing Available: Yes

Property Information

Facilities:

The Company leases approximately 1,500 square feet of retail space in a strip mall. The current lease ends January 31, 2024 but the Company has the option in its sole discretion to request a 5-year extension, which would keep the current lease in effect until January 31, 2029.

Growth & expansion opportunities:

The purchase comes with all furniture, fixtures and equipment to operate successfully. The in The franchise has been one of the fastest-growing chains in terms of store numbers and total network sales in the United States over the past five years. Growth has been achieved through the average sales per restaurant, which are among the highest in the industry. The franchise reflects the success of the Sandwich and Sub Store Franchises industry as a whole, which has experienced consistent growth over the last five years. For instance, industry revenue grew 4.3% and 6.0% in 2015 and 2017, respectively, as consumer confidence surged in those years. Franchisees managed to maintain that momentum during the period by developing new menu options that capitalize on increasing awareness of the health risks associated with a high-fat diet. As a result, the industry as a whole has been able to thrive, despite rapidly evolving consumer preferences that fostered the stagnation and decline of other fast food and quick-service restaurants. The sandwich and sub store franchise industry in turn exists within the quick-service restaurant sector, which has traditionally been dominated by fast-food giants such as McDonald’s. Millennials have increasingly turned to fast-casual restaurants when dining out.

Competition:

The company is well-positioned with takeout, delivery, and dine-in options. The rapid growth of the Sandwich and Sub Store Franchises industry over the past five years has resulted in greater internal and external competition for franchise operators. Franchise sandwich shops compete externally with other food-service markets, such as fast-food restaurants, full-service restaurants, coffee and snack shops, and local, independent sandwich restaurants.

Reason for selling:

Seller is ready to pursue a new challenge.

Support & Training:

Will train for 2 weeks @ no cost In order to run a restaurant in North Carolina, the prospective purchaser will need to complete all of the specific county health department licensing requirements applicable to the restaurant industry.

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Business Listed By:

Tully Ryan

Murphy Business Brokers