Owner Financing is Available
Business for Sale Overview:
This Classic Sub Shop is uniquely positioned in the market where there are no Jersey Mike's Subs and no Firehouse Subs within 25 miles of this location in a community with 2 colleges. If you choose to buy this business, you must be prepared to manage your food cost to 28.5% of sales, manage your employee cost to 21.6% of sales, and execute a marketing plan. This store opened in November 2006 with annualized sales of $487,000 in the first quarter of 2007, so the store has revenue potential for a savy owner.
Two partners opened this store as an investment. They thought they could build the store, have employees operate with little management oversight and profits would roll into their pockets. After 2 full years, they realize the store requires operational management and local advertisement to create six figure income.
Lease renegotiation is available for new owner.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
1,600 sq. ft. building
Reason for Selling:
Absentee Ownership
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.