Which Wich Sandwich Franchise For Sale Cumming, Georgia
Which Wich Sandwich Franchise for sale in Cumming, Georgia for $300,000! Established franchise opportunity, currently grossing an estimated $704,542 and nets $170,751. Income based on an absentee owner role. Restaurant is located in a busy shopping plaza and can seat 50 inside and 16 outside. Restaurant operates with 14 employees in place that are willing to transfer if given the opportunity. Catering service is also offered. The restaurant is fully built out and includes all equipment. New owner will need to be approved by the landlord and franchisor, and will be required to attend training for 1 month. Please be advised that the owner will not entertain seller financing, SBA loans, or third party lending. If seeking financing, buyer must be able to borrow against personal assets.
Frequently Asked Questions:   Price: $300,000   Cash Flow: $170,751   Financing: No   Listing: Sold
What is the current gross revenue for this restaurant? The current gross revenue being generated is an estimated at $704,542.
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? Unfortunately there is no seller financing. 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: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance. Expenses are estimated to be a total of $533,791 per year.
Is the restaurant property owned or leased? Currently the owner leases the property. Lease terms remain for 4 years with a 5 year option. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owners.
Where is the restaurant located? Located in Cumming, Georgia. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? The current list of equipment includes: Walk-In Cooler/Freezer with Shelving, (2) Refrigerated Counter/Sandwich and Salad Unit, Hoodwich, (2) Oven/Conveyer, Microwave Oven, Mop Sink, Blender, Ice Cream Dipping Cabinet, Electric Food Slicer, Refrigerated Merchandiser, Undercounter Refrigerator, Office and Security Equipment.
What size and how many customers can this restaurants seat? The restaurant is 1800 square feet. It can seat 50 inside and 16 outside.
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? The restaurant offers a delivery service and a catering service is offered.
How long has the seller owned the restaurant? Seller has owned the restaurant for 7 years.
Why is the owner selling? Owner is pursuing other business opportunities.
What are the hours of operation? Restaurant is operated 7 days a week 10am - 9pm.
What else should I know? Great opportunity to purchase an established franchises located in well a established plaza. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Priced at $315,000. 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.