Business Overview:
Rare Opportunity to Own One or All Five Subway Locations in South/East Michigan.
This one out of five subways that the current seller owns. This can be bought as a single store or a full package. Combo report sales for 2022 were $364,988. This is a great opportunity in South-Eastern Michigan and only being sold due to the owner looking to retire after 30+ years with the franchise. These Subway Franchises are set up for success and ready for a new owner to take over and continue its great legacy.
This franchise has favorable lease terms on this 2,000-square-foot space with rent at just $1,694 a month, including all CAMS, taxes, and insurance. The lease rate is valid until December 2023 with 1, 5-year renewal option, and the location can comfortably seat up to 30+/- people.
Staffing includes full & part-time employees and a general manager of 25 years between the multiple Subways. All stores include all the equipment needed to operate the business, including multiple ovens and freezers, cold well/sandwich units with day covers, fountain machines, storage shelving units, brand signage, logos, and much more!
The training & transfer fee is $7,500. Marketing is just 4.5%, and royalties of 8%.remaining term of the franchise agreement and the training the brand provides to ensure the highest operational standards. Marketing is just 4.5%, and royalties of 8% prove to be no problem with sales as high as these stores see.
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Reason for Selling:
Retirement
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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