Which Wich Sandwich Franchise For Sale in Ann Arbor Michigan
Which Wich Sandwich Franchise For Sale Ann Arbor, Michigan for $280,000! Established franchise opportunity, currently grossing an estimated $380,000 and nets $78,000. Income based on an owner/manager role. Restaurant is located in a busy commercial area with lots of neighboring retail and dining, and has indoor seating for 26. A delivery service is offered. Restaurant is operating with 10 employees in place that are willing to transfer if given the opportunity. Includes all equipment with an estimated value of $100,000.
Frequently Asked Questions:   Price: $280,000   Cash Flow: $78,000   Financing: No   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $380,000.
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 and, 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: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance. Expenses are estimated to be $301,000 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? Currently the owner leases the property. Lease terms remain for 7 years. 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 Ann Arbor, Michigan. 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 Cooler/Freezer with Shelving, Refrigerated Counter/Sandwich and Salad Unit, Hoodwich, Oven/Conveyer, Microwave Oven, Mop Sink, Blender, Ice Cream Dipping Cabinet, Electric Food Slicer, Refrigerated Merchandiser, Undercounter Refrigerator, Office and Security Equipment. Estimated Value is $100,000.
What size and how many customers can this restaurant seat? This restaurant has indoor seating for 26.
Does this 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, but a delivery service is offered.
How long has the seller owned the restaurant? Seller has owned this restaurant for less than one year.
Why is the owner selling? Owner is retiring.
What are the hours of operation? This restaurant is operated from 10am to 9pm, Monday-Saturday and 10am - 6pm on Sunday.
What else should I know? Established franchise opportunity! Turnkey and move in ready. Includes the cost of all equipment worth an estimated $100,000. Plenty of opportunity to increase revenue. Priced at $280,000. 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.