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Franchise Philly Steaks

Location  Texas,United States
Asking Price Range  < $250K
Gross Revenues  $210000
Net Profit / Cash Flow  $48000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2008
Number of Employees  4 - 5
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  Seller will train new owner for a smooth transition. Franchisor will provide a comprehensive training as well.
Reason for Sale  Other opportunities - Owner purchased another business elsewhere very far from Dallas thereby not being able to focus on this.
Description  Franchise Philly Steaks restaurant which has a great potential to grow is now available for sale. This gorgeous Philly steak sub place offers a various grilled sub sandwiches like Philly steaks, grilled chicken subs, grilled salads, and gourmet fries. The unique taste and menu is one of competitive advantage this restaurant has over others. Monthly sales after this restaurant first opened in 2008 were around $40K a month. More owners' involvement and pro-active marketing are required to bring the sales back up. Currently, there is not any owner's involvement or marketing. However, the above Seller Discretionary Earning (SDE) is computed based on one owner working full-time at the restaurant without any sales increase. Considering its location surrounded by numerous warehouses, manufacturing companies, and national shipping company, lunch sales is expected to be more than tripled when the right marketing is executed targeting these companies and businesses. Interior of the restaurant has been modernly designed, and colorful picture menu and posters catches eyes. This is a great opportunity to acquire a franchise Philly Steaks restaurant which has unlimited opportunity to grow. Asking: $120,000 Furniture, Fixtures & Equipment: $50,000 (Included in listed price) Inventory: $3,000 (Included in listed price) Financing: 100% Cash at closing Facilities: Occupied in a 2,000 SF end cap space of a two-tenant retail strip center. Gorgeously built-out with top of line equipment. Kitchen lay-out is efficiently designed and built. Ample parking lots. Monument signage makes visibility of the restaurant easy. Competition: There is a Subway in this area but different menu and specialization. Growth And Expansion: When it was first opened, it used to do $40K a month. Pro-active marketing and owner's attention are critical in order to bring the sales back up to the level. Primary Phone: 972-247-3202 or 866-519-2421
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