What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $320,279.
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?
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: 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 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 the Palm Beach Gardens, Fl 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: toaster oven, sandwich unit, ice machine, cooler, freezer, baking oven, proofer, bread trays, liners, veggies cutter, tomato cutter, thermometer, bread template, and furniture.
What size is the restaurant and how many customers can it seat?
This restaurant is 1300 square feet and can seat 25 inside.
Does the 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!
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 20 years.
Why is the owner selling?
Owner is retiring.
What are the hours of operation?
This restaurant is operated from 6:30am – 9:00pm Monday – Friday, 7:00am – 9:00pm Saturday and 7:30am – 7:00pm 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 $99,500. For additional information and to evaluate this business further Contact Us About This Restaurant Here!