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#4873
Reno Carson City

Subway #1 Sandwich Franchise in a Busy Freestanding location

$99,000
Sold
Subway #1 Sandwich Franchise in a Busy Freestanding location
This Listing is Sold

To Visit This Restaurant Please Select the Golden Button to the Left "Get Name/Address."‚Äč

#1 Sub Sandwich Franchise for Owner/Operator… Easy to run !

Reno Suburb within a newly painted shopping center!

Busy area close to major road.

This store has been essentially run Absentee the last 2-3 years due to health issues. Owner states that sales were increasing and feels strongly an owner operator could improve sales significantly.

Large Dining area and more than adequate parking!

Upside: This building could accept a drive through window for an ambitious operator.

Interior and Kitchen are Clean and this is a turnkey restaurant.

Freestanding building with huge walkable storage area in attic.

FF&E: Consistent with franchise guidelines. Walk in cooler as well.

Lease: Great Rent at $2,884.32… All In for 2,099 sqf.!

Sales average 2015 $7,004 per week.

Incredible price at $99,000 !

Seller may carry note with 75k down to a qualified buyer.

Reason for sale: passing of one of the owners and health issues of remaining owner.

Buyer will need to be prequalified and show financial strength as franchise will have to approve the buyer once an offer is accepted by seller. There are franchise transfer fees and training expenses as buyer will need to complete the franchise training. Buyer needs to qualify after offer is made and accepted.

Because this being one of the major worldwide franchisees it will hold value of your investment over the years if you follow the franchise model and gown and maintain a good operation.

To get more information on this listing you can go to the "Sign NDA" tab and agree to the terms of confidentiality as this is a VERY PRIVATE Listing. You will need to submit a "Buyers Profile" that Agent will forward to you once NDA is completed as Buyers will need to be Pre Qualified. Once completed Agent will give you name, address.

Please visit our website at SellingRestaurants.com to get more information!

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Reno Carson City
Lease Term:
Expires 4/30/2007 plus 2 - 5 year options
Total Monthly Rent:
$2,884
Security Deposit:
$2,099

Financials

Last Year's Annual Gross:
$364,128
Last Year's Owner's Cash Flow:
$71,439
Last Year's Food Cost %:
31
Last Year's Payroll Cost %:
23
Last Year's Rent %:
9.9

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
3
# of Working Owners:
1
Hours Open:
8am-9pm

Facilities

Indoor Seating:
56
# of Parking Spots:
28
Inside Sq. Ft.:
2099

Highlights

  • #1 Sub Sandwich Franchise
  • Super low Price!
  • Buyer will need Franchise Approval
  • Buyer will need to be PreQualified
  • Great Training and on going help
  • National Advertising
  • Great street visability
  • Same location since 2002
  • Seller will carry a note with $75K down payment.
  • Best for owner operator

Financing

Down Payment:
$75,000
Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 38,719 179,104
Households 3-mi. 5-mi
2010 Number Of Households 13,402 62,312
2010 Persons Per Household 2.69 2.65
Median House Value $123,000 $150,134
Income Per Household $37,110 $43,859
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,572 5,409
2012 Number Of Employees 44,146 163,388
2012 Total Annual Payroll $915,966,000 $3,247,968,000

click for more demographic info

Disclaimer

DISCLAIMER: 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 addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward 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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.


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