Owner Financing is Available!
Business Overview:
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a quick service sandwich deli shop grill that has served the Valley Ranch area of Irving, Texas, since February 2009. Valley Ranch has an average income SIGNIFICANTLY higher than the DFW and Texas averages. The location is easily convertible to a grill or can be operated as a deli. The business is located on a busy main road near residential and large office centers. Papa Subs offers delicious subs and fresh salads from a self-serve counter. The business is very simple and can be operated with a minimum number of staff. The owner owns a Jimmy Johns franchise located approximately 8 miles away. He closed the Papa Subs in April 2009 to allow him to focus on operating his franchise. Price $50,000: $25k down and $25k seller-financed for 5 yrs @ 8%
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:
The space consists of 1,500 Sq. Ft. with a large dining room seating 45. Kitchen area contains great ~7' ventahood line with grill/burners/fryer/charbroiler, ~8x8 walk in cooler, 8x8 walk-in freezer, large prep area, dry storage, office area and 3 compartment sink. The facility is well-designed, functional and an easy conversion. The store occupies 1500 SF leased for $1875 base rent + $625 NNN. Total rent is ~$2500 and the lease expires ~ July 31, 2011. Lease options are available.
Market Competition and Expansion:
Centrally located and convenient to major activity generators within the immediate area including: 1 MacArthur Street Traffic, 2 Valley Ranch Community, 3 Dallas Cowboys Practice Fields, 4 ~138 Major Businesses, 5 Local schools, 6 surrounding neighbors
Reason for Selling:
Seller is operating another business
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.