Lennys Grill & Subs For Sale in Memphis Tennessee

Memphis, TN
Shelby County


Asking Price: Annual Revenue:
$155,000 $733,844

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Lennys Grill & Subs For Sale in Memphis Tennessee Broker: Robin Gagnon

Quick Facts

Asking Price: $155,000
Annual Revenue: $733,844
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1999
Employees: 11
BBN Listing #: 9538096
Broker Reference #: 5784

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Business Overview:

Dreaming of purchasing a franchise for sale and becoming your own boss? Here's a Lennys Grill & Subs franchise for sale in Memphis doing sales in excess of $580,000.

Why buy a franchise for sale in Memphis? A music-lovers dream, Memphis is nestled in Shelby County and is ranked as the second most populous city within the state of Tennessee with over 650,000 residents. Tourists flock here year-round to indulge themselves in the music culture and learn about musical greats like Johnny Cash and B.B. King. Elvis Presley called Memphis home, and his famed mansion, Graceland, draws in more than 650,000 tourists per year - second only to the White House! Recently awarded by total system for highest catering increase year over year and highest guest count increases year over year.

What makes the Lennys Grill & Subs brand great? That's easy! The Restaurant Brokers love this brand for its Philadelphia-inspired subs as well as their other menu offerings including fresh salads, cold cuts, wraps, and offerings for children. This franchise for sale is a fast-casual concept that is super-easy to manage. No frying and no alcohol means no late nights for you! This business is located inside of a 2,000 square foot building with a reasonable lease rate. This location has been open and operating for nearly 20 years, and the current seller has owned this location for 13 of those years.

This franchise for sale has plenty of room for your customers! 50 seats inside and 10 outdoor seats mean there will be no shortage of space for hungry patrons. Lennys Grill & Subs makes sure all new franchisees are ready to take over their new location with four weeks of corporate training which is covered by the $7,500 transfer fee. Lennys Grill & Subs has a very reasonable royalty rate of 6% of sales, which is far less than the industry standard.

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Property Features and Assets:

All equipment necessary to run this franchise business.

Market Competition and Expansion:

Shopping, dining

Reason for Selling:

Other

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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