Business for Sale Overview:
Incredibly priced at half of what it will normally cost to start a new franchise! This franchised Subs and Pizza is located at a strip shopping center in Fairfax County. It is also right off a major highway and at the intersection of two major and busy streets. The area is a bustling commercial and residential area.
This franchise offers pizza and a variety of subs. Catering menus are available. Unlike other brands of sub franchises without pizza, the menu is also suitable for dinnertime as well as lunchtime. Sandwich chains serve sandwiches, which are primarily a lunchtime product. Pizza chains serve pizza, primarily a dinnertime product. Franchised dual product line of both Subs and Pizza meet customer needs for both lunch and dinner, thereby maximizing the sales potential of each franchise location. An optional breakfast program is also available for suitable locations.
The advantages of owning a franchised sub/pizza business:
Highest Quality Food - Commitment to quality is the fundamental strength of this brand name.
Manageability - Although all products are made to order, the franchisor has developed a food production system that is capable of handling the demands of peak hours during lunch and dinner.
Superior support services - Franchised system provides pre-opening training and on-going training to franchisees.
Award-winning advertising designed by corporate - There is an advertising and marketing department, which produces top-notch advertising materials to generate more business.
Current royalty is 6% and advertising is 3% of sales, which is below industry average as compared to other franchise concepts that charges well over 10%.
HISTORY OF THIS FRANCHISE:
This location has existed as a Franchised since about 20 years ago. As a result, there is incredible amount of goodwill with established customer base.
The current owner established this particular location in 2004.
The franchise headquarter is in this local area and local guidance is very accessible to its franchisees.
OPERATIONS:The owners have been absentee until about one and a half months ago. Employees are started at $6.50 per hour. The total payroll for this location runs approximately $6000.00 per month for an absentee owner. An owner-operator can realistically increase the current volume by participating in this business more actively.
HOURS OF OPERATION: Mon thru Sat 10 AM - 10 PM; Sun 11-9 PM.
THE TRANSACTION: Typical start up costs for this particular franchise run approximately $450,000.00. Due to the current partnership dispute, the business has been priced at only $210,000 for a quick sale. Buyer shall be responsible for paying the franchise fee.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
THE MARKET: The immediate market area for this franchise is filled with offices, industrial parks, high schools, and residential pockets. This location is also right off a major highway.
BUSINESS FACILITY, RENT AND FEATURES: This business occupies 3,400 square feet and has recently been updated with current designs and colors. A long-term lease is in place at $6,500.00 per month (inclusive of CAM and RE taxes).
Market Competition and Expansion:
MARKET COMPETITION: There is not another subs and pizza business located in the immediate area.
ADVERTISING AND PROMOTION: Franchisor does a lot of promotions and radio advertising. The products themselves are the best advertising needed. In addition, corporate headquarters conducts research of new products, advertising materials, appealing signs and storefronts to help its franchisees to achieve and maintain successful, profitable operations.
The new owner can also choose to advertise and promote this location to local schools and charitable organizations, which is not being done by current owners.
OPPORTUNITIES FOR FUTURE GROWTH: The volume for this business has ranged from $450,000 to $470,000. The historical volume of $550,000.00 to $650,000.00 should be easily achieved again by a new franchisee who has good business sense.
Franchise system offers franchise and licensing programs for single and multiple units. Area development opportunities are also available to qualified individuals.
Reason for Selling:
Due to partnership disputes.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.