Earn $48,000 At This Cedar Rapids Sub Franchise
Cedar Rapids, IA Linn County
Seller's Contact Information
- RE: Earn $48,000 At This Cedar Rapids Sub Franchise
- Contact: Robin Gagnon
Quick Facts
| Asking Price: | $265,000 | |
| Annual Revenue: | $900,110 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $48,919 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2016 | |
| Employees: | 18 | |
| BBN Listing #: | 56068096 | |
| Broker Reference #: | 9042 |
Business Overview:
You can experience greater security when you purchase a successful brand like this Sub Franchise for Sale. SBA Lending available on this transaction that has earnings of $48,000 after annual sales of $900,000. As a new entrepreneur, you may not realize the importance of buying an established franchise brand. With national following and decades-long experience in the restaurant industry, purchasing this Profitable Sub Franchise for Sale can make your success rate even greater. Buying a franchise business means buying a team of support. Plus, customers will instantly recognize and trust this national brand. Benefits of purchasing this Sub Franchise for Sale offered by the Restaurant Brokers at We Sell Restaurants include, being located in a very busy area of Cedar Rapids, the existing loyal customer base that is already established, and the fact that this turn-key operation is ready to go and making money for a new owner from day one! The 2,123 square foot store has performed well at its Cedar Rapids location. The lease on this Sub Franchise for Sale is $6700.00, per month including the base rent plus the CAMS, taxes, and insurance on the property. The current lease is valid until November 7, 2026, with two 5-year renewal options and the location seats 45. Not only does this Sub Franchise for Sale bring in great sales, but the listing also qualifies for SBA lending. The restaurant brokers have resources and lenders available for you to secure funding on this profitable location. With SBA lending, you only need to put 20 percent down to pay the rest over a ten-year period. The major brand associated with this Sub Franchise for Sale provides an extensive six-week training. The one-time transfer fee of $10,000 covers the cost of this proven training, along with the remaining terms of the franchise agreement. There is a royalty fee of 6%, which are charged on sales. Gaining the support of a national franchise also means tapping into the success of its marketing efforts. For this Sub Franchise for Sale, 5% of sales will go towards marketing fees. Move forward on this Sub Franchise for Sale investment with earnings of $48,000. Since it comes with an established national customer base, and a proven system that works for countless other successful franchisees, the banks are interested in lending on this one. Apply today!
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Property Features and Assets:
work top refrigerator 2 doors several sandwich and salad prep meg top smallwares refrigerated merchandiser 1 door refrigerator reach in 3 doors refrigerator reach in 1 door freezer reach in 1 door LH conveyor toaster 8 steamers work tables variety of sizes variety of shelving tables and chairs scales warmer countertop 12inX20in microwave easy chopper stainless steel multiple sinks
Market Competition and Expansion:
Heavily trafficked Edgewood Road. Within 1.5 miles of US Hwy 30, with DOT signage included. Heavy residential and retail surrounding
Reason for Selling:
Personal
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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