What is the current gross revenue for this restaurant?
This is an asset sale. The space has been built out to accommodate and operate as a Which Wich Franchise.
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.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for less than 2 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 Greater Nashville, Tennessee. 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, (2) Refrigerated Counter/Sandwich (Hoodwich) units, (2) 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 $50,000.
What size is the restaurant and how many customers can it seat?
Restaurant is 1970 sq. ft. It is located in an outdoor mall and has indoor seating for 59 and outdoor seating for 4.
Does this restaurant currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Does this restaurant offer drive-thru or delivery service?
Yes, catering services are offered.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 9 years.
Why is the owner selling?
Owner is pursuing other business opportunities.
What are the hours of operation?
This restaurant is operated from 10am to 8pm Monday-Thursday, 10am to 9pm Friday-Saturday, and 11am to 8pm on Sunday.
What else should I know?
Established sandwich shop located in an outdoor mall! Established franchise opportunity! Turnkey and move in ready. Includes the cost of all equipment worth an estimated $50,000. Plenty of opportunity to increase revenue. Priced at $39,900. For additional information and to evaluate this business further Contact Us About This Restaurant Here!