Business Overview:
National franchise restaurant for sale in one of the fastest growing areas in the United States. High traffic area in prime location with a captive market with limited competition in the area.
The Quiznos brand started in 1981 and is known for creating the perfectly toasted sub. With over 750 locations around the world, it's one of the most beloved brands in the $20 billion sandwich industry. To facilitate growth the franchisor has recently reduced its royalty and advertising fees by 40%, lowered food costs substantially through new supply agreements, has increased national promotional deals and is currently working on a deal to partner with a major retailer.
Per owner's P&L, sales were $320,900 in 2019 with $137,618 in seller discretionary earnings. Included in the sale are $70,000 in FF&E, $50,000 in Leasehold Improvements, and $4,000 in Inventory. There are also 6 employees including 1 manager. The owner will offer 2 weeks training to ensure a smooth transition.
The current owner spends minimal time managing this restaurant due to other business interests. As such, this is an excellent opportunity for a passive investor as the business has an established team in place with over 35 years of experienced management. It is also an extraordinary opportunity for a buyer who wants to take a more active role in the business and increase local marketing efforts to grow the lunch catering business to the many global and major corporations in the immediate area as well as increasing its local on-line business thru its social media platforms.
Also, there is a 2nd Quiznos location available for sale nearby that is listed for $180K with earnings of $86K. Both locations can be bundled together for a discounted price of $425K!
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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 a homebased business opportunity.
- This is a franchise resale opportunity.
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