Apex, NC (Wake County)

Asking Price:$50,000

Gross Revenue:$190,000

Lease Rate:$2,678 /Month 

Established:2003

Business Description

More than 50 year brand recognition, established Sub Sandwich Franchise for sale in Apex, NC, for $50,000 only! Outstanding and convenient location, low competition. Rare opportunity for a franchise resale versus building out a new unit and starting from scratch with an estimated total investment of 2-3 times more!

Established food and restaurant franchise opportunity, currently grossing an estimated $190,000. Income based on absentee owner and can increase if owner-operated. Restaurant is located in a popular shopping plaza with other retail stores, high traffic and high visibility from main road. Restaurant can seat 28 inside. Includes all restaurant equipment. New owner will need to be approved by franchisor and there is a $5,000 transfer fee. Boost in earnings expected with owner-operator business model, new items added to menu, loyalty program and online food order and delivery.

Detailed Information

Inventory: Included in asking price
Real Estate: Leased
Building SF: 1,500
Lease Expiration: N/A
Employees: 4 (1 FT, 3 PT)
Facilities: The restaurant can seat 28 inside. It has 1,500 square feet area, and is located in a well-established shopping plaza with ample parking space. Equipment includes: 1 Walk in cooler, 1 Freezer, 1 Speed Oven, 1 Microwave, 1 Beverage Cooler, 1 Oven and Proofer, 1 Coffee Maker, 1 Fuse Tea Maker, 1 Soda Machine, 1 Ice Maker, 1 Bread Cabinet, 1 Cooling Rack Bread, 1 Sandwich Unit (Hot and Cold), 1 Safe, 1 POS System, operating utensils, bread forms and trays. All furniture, fixtures and equipment (FF&E) included in asking price.
Competition: Limited competition. The location is marketed as a shopping destination.
Growth & Expansion: This restaurant is run by Absentee-owner. Estimates are based on absentee-owner business model, but owner operator can generate higher cash flow by reducing labor costs. Owner has more than a decade of experience owning multiple franchise restaurants. He suggests several possibilities for expanding revenue streams with online food order and delivery. Franchise company is in the process of remodeling and advancing the business model, and has added new items to menu and new loyalty program. Franchise has been ranked among top 5 franchises for a long period.
Support & Training: World class franchisor training. Franchisor approval required. Contact us if you need assistance with forming your LLC or INC.
Reason for Selling: Downsizing due to retirement.
Franchise: This business is an established franchise.
The information above has been provided by the business seller or the leasing company, and is subject to change without notice. Buyer must independently verify any of the information about the business, and we assume no responsibility for its accuracy or completeness.