San Fernando Valley Restaurants For Sale
Sandwich Franchise with very low rent in great area.
National Sub Franchise for Sale! Absentee Operated.
This National Sub Franchise is a respected brand among the quick-service restaurant category. Renowned for offering only the highest quality products for more than four decades, people everywhere recognize the quality associated with the sub sandwich franchise and are more likely to be repeat customers because of it.”
History:
- Long History of Success for this National Sub Franchise opened on 1964.
- This National Sub Franchise is in the top five largest submarine sandwich franchise chains in the U.S.
- Hundreds of these submarine sandwich franchise restaurants are operating in the United States.
Right now you have the opportunity to get your very own, fully functioning, National Sub Franchise for a Fraction of the cost to build a new one not to mention fully operational with staffing. Just step in and start selling sandwiches. A Working owner will increase sales and reduce costs and with this low rent, you'll make money. Sales in 2013 averaged about $9,000 a month according to the seller.
There is a little less than 2 years left on the current lease, but it comes with two additional 5 year options.
The National Sub Franchise includes use of equipment and furnishings. Includes large cooler and freezer, bread baking oven, hot dog cooker, coffee machine, Tables and Chairs etc...Available immediately.
The location of the National Sub Franchise is in a very high-traffic area the potential customers are continuously passing by at all times of the day.
**Two future License Agreement options are available for an additional $5,000 compared to the original $15,000 paid.
The rent is a rare $950 +%2 of sales. The rent includes utilities!!! (There is an escalating % of sales that increases as sales increase.)
Current owner does not work at the store, doesn’t cater with local businesses, and does little advertising. UPSIDE all the way for a smart new owner!
Things to be aware of:
1) Buyer will need a new POS system (approx. $5K)
2) That there will be a franchise transfer fee from franchisor
3) Buyer will need to go to training with franchisor at buyer expense
Agent Jacob Schlosser DRE License #01948125
Lease
Financials
Operations
Facilities
Highlights
- Super low rent
- Long term Lease
- Captive customer base to draw sales
- Develop catering to boost sales
- Great for family run business
Financing
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 32,476 | 85,393 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 12,772 | 28,930 |
| 2010 Persons Per Household | 2.51 | 2.80 |
| Median House Value | $420,700 | $469,817 |
| Income Per Household | $88,415 | $101,171 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 2,277 | 2,971 |
| 2012 Number Of Employees | 109,922 | 119,562 |
| 2012 Total Annual Payroll | $2,623,809,000 | $2,765,924,000 |
click for more demographic info
Disclaimer
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.
#6555Gourmet Burger Franchise Restaurant with Beer and WineLease:expires June 30, 2025 plus 2- 5 year optionsAnnual Revenues:$1,683,149Annual Adj. Net:$139,942Square Feet:2,460