Owner Financing is Available!
Business Overview:
This is a combo store with pizza/subs and ice cream. Incredibly priced at a fraction of what it will normally cost to start a new franchise! This franchised Subs and Pizza is located on a main road. This is located right off the highway. The area is a bustling commercial and residential area.
This is a brand name franchise with fantastic product lines. It 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. The 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:
Cheesesteaks; 100% Grade A USDA Choice beef that is sliced and seasoned to current exacting and proprietary specifications. 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. Franchise 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:
The current owner took over 02/2008 with two partners. This location has been under current concept since 1986 (over 24 years). As a result, there is incredible amount of goodwill with established customer base.
The franchise headquarter is in this local area and the corporate culture is very accessible to its franchisees.
The franchise headquarter is in this local area and the corporate culture is very accessible to its franchisees.
THE TRANSACTION:
Typical start up costs for this franchise run approximately $450,000. Due to the fact that the partnership has dissolved, the business has been priced at only $45,000 for a quick sale. Buyer shall be responsible for the franchise fee.
www.litchfieldgroup.net
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 MARKET:
The immediate market area for this franchise is filled with offices, industrial parks, high schools, and residential pockets.
BUSINESS FACILITY, RENT AND FEATURES:
This business occupies approximately 2,500 square feet. A long-term lease is in place at $4,871 per month (inclusive of CAM and RE taxes).
Market Competition and Expansion:
MARKET COMPETITION:
There is not another franchised Subs and Pizza 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, its 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 currently.
OPPORTUNITIES FOR FUTURE GROWTH:
The recent volume for this business is approximately $6,500 to $7,000 per week. An owner operator can potentially increase revenue by enhancing customer satisfaction.
Franchisor offers franchise and licensing programs for single and multiple units. Area Development opportunities are also available to qualified individuals.
Reason for Selling:
partnership dissolved
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.