Philly Connection Franchise For Sale | Jacksonville, Florida
Philly Connection Franchise for sale in the Jacksonville, Florida region for $119,900! Seller financing available with $80,000 down. Established franchise opportunity, currently grossing an estimated $273,051 and nets $67,001. Income is based on an owner/operator role. Philly Connection is a popular franchise restaurant serves authentic Philadelphia Cheesesteaks, Chicken Cheesesteaks, Italian subs, wings, and more. This is a great opportunity to own a fully built out store. Restaurant is in a great location in a large plaza with neighboring grocery and retail stores and has been established for 18 years. All equipment is included and has an estimated value of $70,000. New owner will need to be approved by the landlord and franchisor.
Frequently Asked Questions:   Price: $119,900   Cash Flow: $67,001   Financing: Yes   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue is estimated at $273,051.
How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? Seller will finance up to $39,900. Terms to be discussed. This business may qualify for a business or SBA loan. However, if financing is needed for startup cost you can review additional Financing Options Here.
What is required in order to qualify for purchase? Typically, most franchise restaurants will have liquidity and net worth requirements (to be determined on an individual basis by franchisor), require the buyer to attend an interview for approval, background check, and in most cases, require you to form an entity such as an LLC or Corporation to purchase. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: royalties, payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located? Located in the Jacksonville, Florida region. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: walk-in freezer, large cooler, 3 prep coolers, 5 sitting booths, 4 sitting tables, 1 grill, 1 overhead vent, 2 fryers, 1 toaster, 1 slicer, microwave oven, Square POS system, Large fan, security system, 3 flat screen TV's, gum ball machine. Estimated value is $70,000.
How many customers can this restaurant seat? This restaurant can seat 38 indoors.
Does the restaurant currently have a beer or liquor license? No, there is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service? There is no drive-thru or delivery service currently offered.
How long has the seller owned the restaurant? Seller has owned this restaurant for 5 years.
Why is the owner selling? Owner is relocating.
What are the hours of operation? This restaurant operates from 10.30am to 9pm Monday- Saturday, closed Sunday.
What else should I know? A great opportunity to own an existing franchise with huge potential. Philly Connection offers a popular menu of cheesesteaks, subs, wings and salads. Priced at $119,900. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.