Description
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.
Business Overview
| Revenue | $364,988 |
| Cash Flow | TBD |
| Inventory | $5,000 +/- |
| Year Established | 1994 |
| Seller Financing | Yes |
| Employees | 1FT 5PT |
| Asking Price | $90,000 |
Key Statistics
- Hours of Operation: Mon - Sun 9am-9pm
- Employees: 1 Full Time 5 Part Time
- Year Established: 1994
- Year Acquired: 1994
- Liscence Required: Franchise, Sales and Heath Dept.
- Seats: 30 +/-
- Parking: Ample
Financial Information
- Gross Sales: $364,988
- Source: Seller Provided Financials
- Cash Flow: TBD
- Source: Seller Provided Financials
- Inventory Value: $5
Seller Financing
- Business Price: $90,000
- Down Payment: $30,000
- Monthly Payment: $1,977
- Interest Rate: 6%
- Amortization Period: 36
Location
- Monthly Rent: $1,694
- Lease Terms: Lease Expires: 12/31/2023 with option to renew
Get More Info
Disclaimer
This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.