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Asking Price:	$155000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Family matter
Year Established:	2004
# of Employees:	7 PT
Yearly Cash Flow:	$50,441
Yearly Gross Income:	$292,524

Business for Sale Overview:

Fred DeLuca founded this sub shop chain in Connecticut, USA, in 1965. The company has since grown into a multi-billion pound business, with more than 25,000 outlets in over 80 countries. In 2006, the chain was once again named the Number One Franchise Opportunity in Entrepreneur Magazine’s ‘Franchise 500’ rankings. This is the 14th time the company has won this prestigious award. Royalties and fees are based on gross sales minus sales tax. The transfer fee for this location will be $3,500 for existing franchisee’s and $5000 for new franchise applicants. The “Under 6” menu (SUB sandwiches with six grams of fat or less), is popular with customers all around the world. This location is located in a rural town that has just announced that it will be opening another manufacturing company. Sales are certainly going to increase as employees are added to the town’s growth.

Property Features and Assets:

The current lease is $900 per month but does not include the second unit, however, it will not be available unless the new owner purchases the building. The two spaces are under separate leases. If the sub shop sells, the second lease reverts back to the current building owner as landlord. The sale of this sub shop alone allows the new buyer access to only the room leased from their Real Estate Corp. for the sub shop restaurant. At one point the owner leased this out, and Fair Market rent for the unit not leased is approximately $400-$450. This would be a great opportunity to sublease out the extra space and provide extra cash flow. Both units have recent build outs and are in great condition.

Market Competition and Expansion:

There is no new competition, and this sub shop is the only franchised restaurant in the town square. They are recognized for their clean restaurant and great customer service. There are several manufacturing plants in the town, and the town has just announced the introduction of a new plant within a short drive to this sub shops location and should help increase sales.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.