Subway Sandwich Franchises For Sale Greater Austin - Texas
Subway Sandwich Franchises For Sale in the Greater Austin, Texas region for $275,000! Pre-approved for SBA financing with an estimated $42k down! Two established franchise opportunities, currently grossing an estimated $569,794 and nets $88,274. Managers in place. Great locations along a busy highway near other popular stores, and one is located within a Walmart. Both locations include all restaurant equipment. New owner will need to be approved by the franchisor.
Just announced: Starting January 2019, Subway is now offering its "Fresh Now" program (a restaurant refresh package) at no cost to franchise owners. This is not a restaurant remodel, instead its a marketing and merchandising refresh program that lays the groundwork for all of the great things coming soon – such as menu innovation and restaurant remodels. Subway continues to reinvent itself based on evaluation of its competition and changing economic times. Because of this constant evolution, Subway continues to be the largest restaurant franchise in the world!
Frequently Asked Questions:   Price: $275,000   Cash Flow: $88,274   Financing: Yes   Listing: Inactive
What is the current gross revenue for these restaurants? The current gross revenue being generated is estimated at $569,794.
How do the restaurants 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 these restaurants? Yes, this business has been pre-approved for financing of up to $233,000 with an estimated $42,000 down (amount needed is variable depending on buyer’s liquidity and credit score). Buyer must also meet the minimum SBA requirements for lending to include: a minimum credit score of 680 and relevant experience in the restaurant industry, or some type of previous management experience from another industry. 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. Expenses are estimated to total $481,520 per year (Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
Are the restaurant properties owned or leased? Currently the owner leases the properties.
Where are the restaurants located? Located in the Greater Austin, Texas region. Physical addresses 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: back refrigerated counters, sandwich unit, microwaves (commercial grade), toaster oven, cooler, freezer, baking oven, proofer, bread trays, liners, veggies cutter, tomato cutter, thermometer, bread template, soda fountain, ice machine, POS system, camera security system and furniture.
How many customers can this restaurant seat? This restaurant can seat between 35 and 48 inside.
Does this restaurant currently have a beer or liquor license? No, there is no beer or liquor license included with this sale.
How does the selling price of Subway get determined? Subway valuations are determined by using two different methods. First and foremost, Subway franchisees prefer to use a ratio of 30:1-40:1 of the gross weekly store sales based on a trending 40-week average. It’s important to recognize that many third-party lenders also recognize this higher value. Buyers and Sellers may also use a standard valuation method such as a 3-4 multiple of EBITA based on fair market comparable sales, location, gross volume, age of the store, income, and variable other factors. However, typically the weekly sales average approached is preferred and used to determine the selling price.
Is this a viable business model for growth? Yes! To date Subway is the largest franchise in the world! Currently they are in the process of remodeling and advancing the business model which in turn is creating opportunities for existing and new franchise owners. In fact, CBS recently did a segment with Subway's CEO about the company’s plans for the future. View The Video Here!
Do the restaurants offer drive-thru or delivery service? There are no drive-thru services, but both offer catering services.
How long has the seller owned the restaurants? Seller has owned one restaurant for 3 years and one for 14 years.
Why is the owner selling? Owner is downsizing.
What are the hours of operation? These restaurants operate 7 days a week from 9am - 10pm.
What else should I know? Established franchise opportunities. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Subway has a great reputation and brand recognition. Priced at $275,000. 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 Seller’s 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.