Absentee-Owned Subway In Norcross, GA!
Norcross, GA Gwinnett County
Norcross, GA
Request More Information Contact the Seller
- RE: Absentee-Owned Subway In Norcross, GA!
- Contact: Kavita Purohit
Quick Facts
| Asking Price: | $99,000 | |
| Annual Revenue: | $308,000 | |
| Net Profit: | $54 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 939633274 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Weekly Sales of $6,265! Yearly sales are over $308,000!
Absentee-Owned! Seller has had the store for over 25 years since 1996! Seller wishes to retire!
Net Profit is $54,000 AFTER paying over $77,000 in payroll and all other expenses! Huge Opportunity for an Owner-Operator!
The rent is ONLY a total of $2,300 per month which includes trash and water and CAM!
Buyer will need to remodel by December 2024. The approximate remodeling cost will be $40k to $45k.
Close proximity to universities like DeVry University, Altierus Career College - Norcross with over 434 students, Gwinnett College, Ashworth College, Mercer University, Georgia State University: Perimeter College.
3 miles from a $100 million, 354-unit residential development with 90 industrial-style loft units, 200 flat-style units, and 64 townhomes. 4 miles from Gateway Ventures with 184 luxury multi-family rental homes and 9 live/work units.
6 miles from Gateway Norcross is a 160-unit project with four stories tall and features resort-style amenities.
Average traffic count of 25,100 vehicles passing by the store each day!
Asking Price for Business-only: $99,000 plus inventory! Inventory is roughly $4,000 at cost.
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Market Competition and Expansion:
lose proximity to universities like DeVry University, Altierus Career College - Norcross with over 434 students, Gwinnett College, Ashworth College, Mercer University, Georgia State University: Perimeter College. 3 miles from a $100 million, 354-unit residential development with 90 industrial-style loft units, 200 flat-style units, and 64 townhomes. 4 miles from Gateway Ventures with 184 luxury multi-family rental homes and 9 live/work units. 6 miles from Gateway Norcross is a 160-unit project with four stories tall and features resort-style amenities. Average traffic count of 25,100 vehicles passing by the store each day!
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Relevant Links:
- View more Georgia businesses for sale
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- Find a business broker
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