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Asking Price$150,000
Revenue$843,235 Established2006
Cash Flow$60,414 Employees2 full, 2 part
FF&E$150,000 FranchiseNo
Inventory$5,000 RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
High Volume Sandwich Franchise near Midtown. The current owner has been here for 7 years as an absentee operator. It is a very heavy foot traffic location. At this point they do not advertising other than what the franchise offers. The store was just recently remodeled. THEY OFFER NO CATERING AND NO DELIVERY. There is huge upside right there. This is a unique location with indoor and outdoor seating. That is very hard to find in NYC. In 2012 Gross Sales were approx. $843,235.00 with a Net Income of approx. $67,000.00. THAT IS RUN ABSENTEE! Payroll for 2012 was $169,000.00. A hands on owner or family could reduce that immediately. There are 4 yrs. left on the current lease, plus a 5 yr. option to renew. He is selling due to a partnership dispute. This store had done over $1.2 million is sales a few years ago when the owner was move involved. HE CAN PROVIDE ALL COMBO REPORTS TO VERIFY SALES. Call or email Mel Vaz today to learn more at 1-877-735-5224 or mvaz@vestedbb.com!
Training/Support:seller will train
Seller Financing:150,000.00 Down & None
Sale Reason:Partnership Dispute
Ad #47524
Seller Reference #23581
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Melvin L. Vaz
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