Subway Sandwich Franchise For Sale | Chicago, Illinois
Subway Sandwich Franchise For Sale in the Chicago, Illinois region for $120,000! Established franchise opportunity, currently grossing an estimated $497,127 and nets $25,749. Income based on an absentee owner/operator role. Restaurant seats 17 inside. Located on a busy Downtown Street in the River North area. This is a great location in an area that is booming with new developments. Includes all restaurant equipment with an estimated value of $35,000. Current owner has invested in repairs, maintenance, uniforms and much more since taking ownership to improve store appearance and increase revenue. New owner will need to be approved by the franchisor.
Frequently Asked Questions:   Price: $120,000   Cash Flow: $25,749   Financing: No   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $497,127.
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. 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. Expenses are estimated to be $482,671 per year (Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
Is the restaurant property owned or leased? The property is leased by Subway and new owner would be a sub lessee.
Where is the restaurant located? Located in the Chicago, Illinois 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: 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. Estimated value is $35,000.
How many customers can this restaurant seat? This restaurant can seat approximately 17 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. Itís 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 companyís plans for the future. View The Video Here!
Does the restaurant offer drive-thru or delivery service? There is no drive-thru but a delivery service is offered.
How long has the seller owned the restaurant? Seller has owned this restaurant for 1.5 years. The restaurant has been established for years prior.
Why is the owner selling? Family and health reasons force the sale.
What are the hours of operation? This restaurant is operated from 7am to 10pm Monday - Thursday, 7am to 11pm Friday, 9 am to 11pm on Saturday and 9am to 9pm on Sunday.
What else should I know? Established franchise opportunity. 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 $120,000. 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.