Multi-Unit Sub Franchise for Sale in Richmond

Richmond, VA
Richmond City County


Asking Price: Annual Revenue:
$199,000 $1,300,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Multi-Unit Sub Franchise for Sale in Richmond Broker: Gavin Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $199,000
Annual Revenue: $1,300,000
Net Profit: $110,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: Not Disclosed
BBN Listing #: 316748609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer for sale a successful multi-unit quick serve restaurant (QSR) franchise for sale. The stores are located in prominent sites throughout Richmond. The majority owners of the business live out of state, paving the way for a committed full-time onsite owner. Each store has a manager in place and a team of part-time and full-time employees.

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Property Features and Assets:

The business operates multiple locations across Richmond. All locations are leased. Seller has recently negotiated lease reductions with two of the landlords.

Market Competition and Expansion:

The Sandwich and Sub Store Franchises industry has experienced consistent growth over the past five years. Industry revenue grew 4.6% in 2015 as consumer confidence and spending rebounded. Franchisees managed to maintain that momentum over the following years by developing new menu options that capitalize on increasing awareness of the health risks associated with a high-fat diet. As a result, the industry has been able to thrive, despite rapidly evolving consumer preferences for fast food that have led to the stagnation and decline of other quick-service restaurants. Over the five years to 2018, industry revenue grew at an annualized 2.7%, including a 1.0% increase in 2018 to reach $23.4 billion. There are 26,629 sub shops in the US as of 2019. The number of businesses in the industry is expected to grow 1.7% in 2019.

Reason for Selling:

Owner wishes to retire

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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