Established Schlotzskys In Central Houston

Not Disclosed, TX Harris County

Central Houston

Asking Price: $75,000

Annual Revenue: $355,334

Food & Beverage: Restaurants, Fast Food, Deli

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Established Schlotzskys in Central Houston

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RE: Established Schlotzskys In Central Houston
Contact: Ron Hankamer

Owner Financing is Available!

TRANSWORLD BUSINESS ADVISORS OF HOUSTON.LISTING REF# 76931-112444 Priced to sell! Seller financing available! This sandwich franchise has been open for over 20 years and offers an excellent opportunity for a buyer to get in at a low price as employees continue to return to their offices post pandemic. It also has very family-friendly hours since it's only open Monday thru Friday 10a-2:30p, which means evenings and weekends off! How often can you do that in the restaurant business? Schlotzsky’s opened its first location in 1971 with a small restaurant on South Congress Ave. in Austin, Texas. They specialize in combining fresh ingredients, unique flavor combinations and the spirit of originality to give you a food experience that you won’t find anywhere else. The company now has over 300 locations and spans across 35 states, serving up toasted sandwiches, artisan flatbreads, specialty pizzas, freshly tossed salads, gourmet soups and more. Schlotzsky's is owned by Focus Brands, which also owns Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. The business for sale is located in an office retail center and offers dine in, take out, delivery, and catering services. It also includes a Cinnabon franchise. The business consists of 2,979 square feet with monthly lease costs of $5,900 including CAM. The lease has seven years remaining plus two 5-yr options. This business was established in 1998 and currently has 4 employees. Prior to the pandemic sales ranged between $350,000-$380,000 per year. Per seller's financials, sales were $355,334 with discretionary earnings of $56,258 for 2023. The outlook for 2024 is even stronger as more employers are requiring their employees to return to the office vs working from home. The listing price includes FF&E of $82,000, Leasehold Improvements of $50,000, and Inventory of $5,000. The seller is motivated to sell and wants to pursue another career opportunity. The seller will provide two weeks of training in addition to the training provided by franchisor. This location would be perfect for an owner-operator that enjoys working with people and prefers to have evenings and weekends off. There is a lot of potential to increase catering and delivery in the area to nearby businesses. There is also an opportunity to extend store hours to include breakfast in order to maximize Cinnabon sales.

Quick Facts

	Asking Price:	$75,000
	Annual Revenue:	$355,334
	Net Profit:	Not Disclosed
	Cash Flow:	$56,258
	Total Debt:	Not Disclosed
	FF&E:	$82,000
	Real Estate:	Not Disclosed
	Year Established:	1998
	Employees:	4
	BBN Listing #:	46144107
	Broker Reference #:	76931-112444

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Business Overview:

TRANSWORLD BUSINESS ADVISORS OF HOUSTON.LISTING REF# 76931-112444

Priced to sell! Seller financing available! This sandwich franchise has been open for over 20 years and offers an excellent opportunity for a buyer to get in at a low price as employees continue to return to their offices post pandemic. It also has very family-friendly hours since it's only open Monday thru Friday 10a-2:30p, which means evenings and weekends off! How often can you do that in the restaurant business? Schlotzsky’s opened its first location in 1971 with a small restaurant on South Congress Ave. in Austin, Texas. They specialize in combining fresh ingredients, unique flavor combinations and the spirit of originality to give you a food experience that you won’t find anywhere else. The company now has over 300 locations and spans across 35 states, serving up toasted sandwiches, artisan flatbreads, specialty pizzas, freshly tossed salads, gourmet soups and more. Schlotzsky's is owned by Focus Brands, which also owns Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. The business for sale is located in an office retail center and offers dine in, take out, delivery, and catering services. It also includes a Cinnabon franchise.

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Property Features and Assets:

Monthly Rent: $5,900.00

Square Units (Foot, Meter): 2,979

Lease Expiration Date: August 30, 2030, 10:00:00 PM

Terms Options: 2-Five Yr Options

Reason for Selling:

other business interests

Additional Details:

The property is Leased.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is a franchise resale opportunity

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