Profitable Lenny's Franchise for Sale

Memphis, TN
Shelby County


Asking Price: Annual Revenue:
$179,000 $666,794

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Lenny's Franchise for Sale Broker: Eric Gagnon

Quick Facts

Asking Price: $179,000
Annual Revenue: $666,794
Net Profit: $59,816
Cash Flow: $77,538
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 12
BBN Listing #: 92968096
Broker Reference #: 7412

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Business Overview:

This profitable Lennys Grill and Subs Franchise for Sale in the Memphis Area produces over $55,000 in take-home pay with over $660,000 in sales. Make this yours today and tap into a fabulous market ready to explode! This profitable Lennys Grill and Subs Franchise for Sale could not be in a better location in the Memphis area. Located just off an interstate and in a regional shopping center directly on a highly travelled highway. Multiple tenants bring literally thousands of shoppers daily. There are many hotels, office buildings, and commercial centers in addition to the thousands of homes and apartments. The current owner of this Lennys Grill and Subs Franchise for Sale spent $30,000 in renovations in this long-established restaurant, so it looks and feels like a brand-new store. This particular Lennys has a beer and wine license which is perfect for the 59 seats inside and 4 outside on a patio. We Sell Restaurants can answer any questions you have about this location. The rent on this Lennys Grill and Subs Franchise for Sale is only $5,895 for the 1,600 square foot restaurant with a lease that's good until June 2025, with another 5-year option to renew. Fully Equipped, this Lennys has everything you need to continue business. You can buy one day and be in business the next without ever missing a sale! The current owner own several other businesses and has not been able to devote time to the day-to-day operations. That means opportunity for you to use your marketing and management skills to make this Lennys Grill and Subs Franchise for Sale even more profitable, by increasing sales. The infrastructure and demographics are there. This Lennys Grill and Subs Franchise for Sale is part of a premier brand that has proven itself with a unique “Philly” style menu, a superb management skillset with excellent support for its franchisees and a reputation with its repeat customers who understand good food and excellent service. With royalties at just 6% of sales and a contribution of 2% for marketing, the levels of support will ensure your success. If you have been looking for a Franchise for Sale, the Memphis area is the perfect market with an area population of 40,000 and a median household income over $110,000, this Memphis market is the perfect demographics for a quality sub franchise. The exceptional Lennys Grill and Subs Franchise for Sale can be yours in a short while. Check it out today.

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Property Features and Assets:

3 Registers POS Bank Anyshop Prime 3 Credit card readers VeriFone 3 Barcode readers Datalogic Quickscan 6 Printers Epson Office computer AT5 2 section undercounter refrigerator 2 True 2 door prep table Slicer Hobart Backup Slicer Berkle Bread box Grill Vulcan Ovens Silver Star 2 Freezers Coke cooler Fountain brand coke Ice maker brand Manitowa Tea maker Scale Panasonic Phone 2 Steam Wells 2 Microwaves Proofer Bacon lamp 4 TVs Mini fridge

Market Competition and Expansion:

Located within a 1/2 mile from a major interstate highway and near many office buildings, a hospital and thousands of homes and apartments. Highly visible in a shopping center with multiple traffic-generating tenants.

Reason for Selling:

Personal

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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