Business For Sale

Lenny's Grill and Subs Franchise for Sale in Texas

Houston, TX
Harris County


Asking Price: Annual Revenue:
$129,000 $458,070

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Lenny's Grill and Subs Franchise for Sale in Texas Broker: Robin Gagnon

Quick Facts

Asking Price: $129,000
Annual Revenue: $458,070
Net Profit: Not Disclosed
Cash Flow: $60,337
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2008
Employees: 9
BBN Listing #: 83028096
Broker Reference #: 5975

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Business Overview:

Buy this Lennys Grill & Subs franchise for sale in the greater Houston market! Established business in place over a decade. Simple to run! Earnings of $60,000 per year! Priced to Sell!

Buy this franchise for sale with just 20% down! Perfect books and records qualify for lending with earnings on the books! Location has been a strong money maker for many years. Seller has installed the newest signage and multiple upgrades. That will only help to build upon the secure earnings and track record in place at this franchise for sale location.

This business will qualify for BOTH lending and an E2 visa. This Lennys Grill & Subs franchise for sale has been operating for 10 years in the same location. Sales exceed $450,000 per year and the an owner operator will take home over $60,000. There is a limited amount of improvements still pending but the bank will roll this into your lending with the restaurant brokers resources ready to go. The cost for minor improvements remaining is $15,000 or less. New artwork, fresh paint and many elements already in place reflect the latest upgrades required by the brand.

Perfect books and records. Outstanding market. Houston ranked among the top-performing U.S. metros last year and has historically been a top 10 metro leading the nation in population and job growth. In March 2018, the Brookings Institute ranked Houston the 5th best performing metropolitan area by change in growth. Store is in a prime location nearby a business park with plenty of lunch business. Add that to the existing strong and loyal customer base and you've got yourself a recipe for success!his franchise for sale which seats 50 guests is located in a 2,100 square foot space with rent rate set at $5,582.50 per month including CAMS. The current lease expires in July of 2018 with a five-year renewal option.

Training is not an issue when you buy this franchise for sale in a booming marketing. There is a minor $7,500 training and transfer fee that covers four weeks of corporate instruction along with legal assignment of a brand-new franchise agreement. Reasonable royalties -- this franchise for sale charges just 6% of sales and 2% marketing fees, numbers already included in the costs available for your review in our document prepared by the restaurant brokers.

Lennys Grill & Subs has a rich history that started in Tennessee 20 years ago with a focus on hearty subs - namely cheesesteaks. Today they have expanded their reach to include almost 100 locations throughout the southeast region of the United States. At this particular franchise for sale, your guests can indulge in a variety of cheesesteaks as well as other hot and cold sub options, salads, dessert and snacks and kid's menu options.

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Property Features and Assets:

Kolpak Walk-In Cooler 1 Southbend Convection Double Oven - Gas 1 Line Prep Table - 67" 1 Step In Freezer 1 Globe 12" Slicer 2 Merchandiser - 2 Door Sliding Glass 1 Deli Case - Open View 1 Brink Office Computer 1 Kitchen Prep Table - 44" 1 Ice Maker Half Dice - 530 lb 2 Natural Gas Griddle - 25X48 1 POS Computers, Printers, Credit Card Terminals, Scanners 3 POS Network 1 Chef Supreme Heater/Proofer Cabinet 1 Everpure Water Filtration System 1 Televisions 2 Booth Seats 5 Commercial Microwave Oven 1 Stereo Receiver and Dining Room Speakers 1 Stainless Steel Worktable 7 Dining Table and Base - 48" Round 1 Assorted Pans 1 Lincoln Redco Insta -Dice 1/4" cut 1 Saber Tomato Slicer 1 Nemco - Lettuce and Onion Slicer 1 Walk-In Cooler Rack 2 Dining Table and Base - 36" 6 Assorted Knives 1 Heat Lamp 1 Freezer Dunnage Rack 2 Bun Pan Rack with Zipper Protective Cover 4 Edlund Commercial Can Opener 1 Chair - Natural Brown 30 High Chair - Wooden 4 Counter Set Cup Dispenser Sleeves 2 Highboy Trash Can 6 Mop Bucket - 35 Qt 1 Bread Storage Bin 2 Booster Seats - Black 4 Kitchen Digital Thermometer 1 Wet Floor Sign 1 Cooler Thermometers 5 Bun Pan Full Size 18X26 40 Heat Lamp Bulbs 4 Kleen Pail - Sanitizing 4 Oval Basket - Large 24 Oval Basket - Small 48

Reason for Selling:

Retirement

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.

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