Franchise: Subway Sandwich located in a Walmart, Mpls. area.

Here is one of three Subway locations for sale. You may purchase one, two or all three. Subway specializes in sandwiches “built” to each customer’s request. They are known for fresh baked breads, wide variety of meats, cheeses and vegetables. The menu includes breakfast, sandwiches, fresh fit choices, salads, fresh fit for kids, sides, drinks and extras. Subway also offers catering with piled-high sandwich platters, giant subs and assorted desserts.
Today, the SUBWAY brand is the world’s largest submarine sandwich chain with more than 44,000 locations around the world.
These three locations are all located in the Mpls. area. They are turn-key locations, with all the equipment and inventory needed in place to ensure a smooth transition.
Owner purchased all three locations 7 months ago with no restaurant experience and is very motivated to sell. Seller willing to negotiate the price if buyer chooses to purchase all three locations.
FACILITY: Walmart, 900sq. ft. Monthly rent is approx. $1,600, this includes CAM and property tax.
EMPLOYEES: 1 Full-time manager and 6 Part-time.
GROSS SALES: 2017 Sales were approx. $292,137, Gross Sales for 2016 were approx. $284,047.
ASKING PRICE: The owner is asking $60,000 for this location. An “average” start-up cost for a Subway restaurant like this is $250,000. This includes approx. $25,000 in equipment and approx. $4,000 in inventory. The Buyer is responsible for an approx. $5,000 Franchisor’s Transfer Fee (per location) and 2 weeks of Franchise School in Connecticut.
*Seller willing to finance a portion of the sale to a “qualified” buyer.
Franchisees pay 8% in royalties and 4.5% in franchise marketing fees (subject to change). Buyer must be approved as a franchisee by corporate and training will be mandatory.
REASON FOR SALE: Health.
To find out more-with no cost or obligation- call Bill Kraemer at 612-331-8392 or email bill.kraemer@oibmn.com.
Important Notice: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 8124 b.k

 

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Bill Kraemer

About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to indentify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 26 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 26 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

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