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Sub Franchise In Major Mall
Location Massachusetts,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1200000
Net Profit / Cash Flow $264000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2010
Number of Employees 1 - 3
Inventory 8000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale To focus on other business interests.
Description This a great opportunity to buy a Subwayr franchise located in a major mall in Eastern Massachusetts. The opportunity to own this premium franchise in a prime location like this is rarely available. The restaurant is projected to have revenues of at least $1,200,000. With a 20 year, renewable, franchise agreement and a 10 year lease, this is a long-term opportunity. The mall may renew the lease.
Reduce the risk out of opening a new franchise location. The location is in a major mall with over 1,000,000 SF of store space. The mall has been established for many years and has significant traffic. This restaurant is located in a prime area of the food court. With the consumer awareness of the brand and established traffic, startup should be very fast, unlike the typical franchise startup.
Financials
Based on sales at similar malls, the owner projects this restaurant to generate revenues of $1,200,000 in its first year of operation. Based on this, the business should generate an owner's cash flow to a working owner of $264,000. At $1,400,000 in revenues, the restaurant should generate an owner's cash flow of $331,000.
Lease
The lease is a 10 year sub-lease through the franchisor. Like all major mall leases, there are a number of charges as well as percentage rent. The total first year rent should be $189,000 plus the percentage rent (10% of the sales over $1,000,000). The rent escalates over the term of the lease and the base for the percentage rent goes up also.
Qualifications and Training
In order to qualify as a franchisee, a candidate does not need restaurant experience. You also do not have to be a working owner, although this is encouraged, particularly until the restaurant is running smoothly. Training includes 2 weeks at the franchisor.
Price
The price includes all of the equipment and $8,000 in inventory. This is one of two similar franchise locations we have available. SBA financing should be available with 20% down.
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