Owner Financing is Available!
Business Overview:
Established since 25 years ago, this franchised pizza/subs is one of the higher-volume stores of this franchise and a well-run operation. It is located on a major road with huge traffic count. Center is busy with ample parking. It is priced to sell at $250,000 – about 50% of the more than $450,000 it would normally cost to start a new franchise of this kind! This location is close to a couple of high schools and many businesses, and residential pockets. Franchise is well known. 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. 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% for these two categories. This is an extraordinary opportunity for the right buyer. The weekly volume for this business is approximately $10,000. Delivery has recently been implemented, but has not been heavily marketed. Some of the other franchisees are bringing in nearly additional $5,000 per week ($20,000 monthly) in just delivery income alone. 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:
This business occupies approximately 1,885 square feet. A long-term lease is in place at $6,500 per month (inclusive of CAM and RE taxes).
Market Competition and Expansion:
There is not another franchise of this kind located in the immediate area. This particular franchise system does a lot of promotions and radio advertising. The products themselves are the best advertising needed. In addition, corporate headquarter 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 through additional channels, such as local schools and charitable organizations, which is not being done currently.
The weekly volume for this business is approximately $10,000. Delivery has recently been implemented, but has not been heavily marketed. Some of the other franchisees are bringing in nearly additional $5,000 per week ($20,000 monthly) in just delivery income alone.
Reason for Selling:
Seller owns multiple businesses.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
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