Go see this Franchise by selecting "Sign NDA."
Franchised SUB Shop is located in a large shopping center in the San Fernando Valley.
It has been in business since 1993 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.
New Medical Facility and Hotel Coming to Immediate Area.
The business has been seeing sales averaging just under $10,000 per week for past couple years
Owner has been bringing home an adjusted income of approx. $81,000 a year, SellingRestaurants has not verified these earnings and Buyer should do their due diligence with their CPA.
The rent is approx $5,200 per month total including CAM. Seller owns another business that has required most of his time so this business has been help run for the majority of the time with just drop by's from Owner with limited time to really keep it at peak performance.
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 franchise charges 8.5% for royalties and 4% for advertising fund from net sales. The Advertising allows restaurant to receive National and Local advertising on multiple venues like TV, radio, social media, print ads, ETC.
PLEASE REMEMBER TO KEEP YOUR VISIT CONFIDENTIAL,
Do NOT Talk to employees about business being for sale!!This is a a Paramount Restaurant Brokers, Inc. listing.
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