Subway Franchise- 2 Store Package

Undisclosed Address, Memphis, TN 38128
Business Opportunity for Sale
Catylist Listing ID: 30314713
Property Subtypes: Food and Beverage
Building Size (RSF): 1,400 SF
Sale Price: $585,000
Name of Establishment: Subway Stores- Memphis
Business Website Address: www.subway.com
Franchised Business: Yes
Franchise Parent Name: Subway
Year Business Established: 1999
Gross Revenue: $841,908 (Annual)
Cash Flow: $186,483 (Annual)
Sale Terms: Cash to seller
Last Updated: 10/8/2018

Overview / Comments

This is your chance to own two well established Subway stores in high-traffic locations in Memphis, TN. They are located a short distance from each other, so management is conducive. The stores currently have a strong cash flow and new owners will be in the positive very quickly. There is a positive up=side for a new owner operator as new owner training will reestablish food costs and marketing opportunities. The stores are situated in busy strip centers with a favorable lease in place with options. This business is a leader in the fast-casual restaurant business and name recognition is second to few. Owner wants to sell the two stores as a package, but could consider splitting for the right opportunity.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Moving out of state
Value of Inventory Included ($): $17,000
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Store #4199 is approximately 1200sf of strip center space and seats approximately 24. Total Rent is $2218. Original Lease expires in May 2019 and has 2- 3year options. Store 3206 is approximately 1400sf and seats approximately 24. Total rent is $2200. Original Lease expires in April 2020 and has 2- 5year options.
Employee/Labor Description: Store 4199 employs 1- Full time and 5- Part-Time employees. Store 3206 employs 1- Full-Time and 5- Part-Time Employees.
Mgmt/Training Support Description: Purchaser must be qualified as franchisee prior to closing. Franchisor will provide two weeks training at headquarters. Lodging, transportation and meals are at trainees expense. Continued training and support provided ongoing by Franchisor.
Competition/Market Description: There are several other sandwich shops in the immediate area, but these stores are clearly set apart by brand recognition and value. The high quality ingredients combined with weekly specials, quick-dependable service and variety of options proves what this is the number-one franchise brand in the world.
Growth/Expansion Opportunities: Growth opportunities render themselves in the form of additional marketing along with increased catering. There are many businesses and hospitals in the area that would use the catering services of these businesses.
Seller Financing Description: No seller financing available. Cash to seller at closing.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,465 67,062 196,273
Median Age: 33.95 32.26 33.68
Households: 4,247 24,224 69,981
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