Subway Sandwich Franchises For Sale Lawrenceville, New Jersey
Subway Sandwich Franchise for sale in the Lawrenceville, New Jersey area for $270,000! Established franchise opportunity, currently grossing an estimated $556,348 and net $101,548. Income based on an owner/manager role. Restaurant is in a mall food court location. Restaurant is fully built out and includes all equipment. New owner will need to be approved by the landlord and franchisor.
Frequently Asked Questions:   Price: $270,000   Cash Flow: $101,548   Financing: No   Listing: Active
What is the current gross revenue for these restaurants? The total current gross revenue being generated is estimated at $556,348.
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 restaurant? This business will not qualify for a business or SBA loan due to the cash nature. If more 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 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 $315,714 per year.
Are the restaurant properties owned or leased? Currently the owner leases the property. Lease terms remain for 4 years on the property. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where are the restaurants located? Located in the Lawrenceville, New Jersey region. Physical address will be released to qualified buyer upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: toaster oven, hot dog roller, cooler, freezer, baking oven, proofer, popcorn machine, bread trays, liners, veggies cutter, tomato cutter, thermometer, bread template, and furniture.
How many customers can these restaurants seat? This restaurant has common seating in a mall food court.
Do these restaurants currently have a beer or liquor license? There is no beer or liquor license included with this sale.
Do the restaurants offer drive-thru or delivery service? There is no drive-thru or delivery service.
How long has the seller owned the restaurans? Seller has owned the restaurant for 4 years.
Why is the owner selling? Owner is retiring.
What are the hours of operation? Restaurant hours are from 9am to 9pm, Sunday-Saturday.
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 $270,000. For additional information and to evaluate this business further Contact Us About These Restaurants 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.