Multi location Sandwich Franchise
Business Description
This established multi-national sandwich franchise business, with 2 locations, has grown revenues by 4.6% in 2009 and 6.3% in 2008 and has again been rated as the Number One Franchise opportunity in 2010 and also the #1 overall provider of “Healthy Options” and "Best Service" in its class. Contributing to the chain's success is its simiple concept and operations that are enjoyed by the highly entrepreneurial franchise network.
This opportunity is ideal for an individual either currently living in the area or looking to re-locate and someone who looking for an opportunity to focus their entreprenurial talents and energies to become an owner/operator who is deeply involved with the day to day of these local communities. By doing so, the new owner can improve both revenues and profits by building strong community busienss and personal relationships and will have tighter control of the core operational components (employee and food costs). This is an excellent stepping stone that can be the foundation to achieving a wide variety of goals.
I Am Interested
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Financial Information
Location 1 generated revenues of $335k, growing 7.4% over 2008, with 2008 revenues of $312k having grown 6.8% over 2007.
Location 2 generated revenues of $303K, growing 1.7% over 2008, with 2008 revenues of $298k having grown 5.7% over 2007.
Seller's Discretionary Earnings = $114k. An analysis has been been prepared to consider an owner/operator would be working an average of 40 hours/week in the busienss, which is standard practice for this business. The current owner is only working approximately 8 hours per week, on the busienss, given the requirements of other locations and businesses.
Real Estate / Lease
2 leased locations
Location 1 - approximately 1000 square feet is ideally located at the main intersection of this tourist town's primary thoroughfare. This location benefits from up to date improvements, and is located within steps of the local supermarket, hardware store, primary fuel service centre, and the population of the elementary and middle schools. There are 14 years remaining on the lease at a current rate of $1000/month + utilities.
Location 2 - approximately 1000 square feet is located at the core of this popluar town's business, shopping, and tourist disctrict. This location is in viewing range from the main tourist area, being the water front, and is centered within the core financial and boutique shopping district. The lease of $1167/month + utilities is currently month to month, with the seller working on plans for renewal.
