This Subway franchise is a well established business in a high volume shopping plaza. A franchise such as Subway is the perfect “entry level” business acquisition for first time buyers. Subway offers full training and just the brand alone almost guarantees success. In fact, the seller/owner was a first time business owner whom found the experience to be invaluable in learning how to run and operate an efficient business. He wants to sell because he is now prepared for larger ventures. This business can also be a great source of semi-passive income with the steady stream of annual revenues.
The best part about this location is it located off of a very busy road in the heart of Morris County,NJ. The Shopping plaza in which it is located in is currently undergoing full renovations expected to be completed in mid April. Some of the big name stores next to this Subway are The Home Depot, Dicks’s Sporting Goods, GNC and Marshall’s. Coming soon to the area is Forever 21 and Saks Fifth Avenue.
Business has been great over the past 3 years and expected to continue.The Current owner increased sales by 10%. He purchased the business in 2012. The fact that these new stores especially Forever 21 is coming to the area makes this a very exciting opportunity. Forever 21 is located literally next door which will create a lot of foot traffic especially with the younger generation that prefer to eat healthy alternatives like Subway as opposed to traditional fast food.
The Seller is willing is hold a note and finance part of the deal to a serious buyer. Why buy a new franchise when you can purchase this one that is turn key?
Established Franchises like this one are ideal for SBA financing, making it relatively easy to purchase this business for a small down payment.
Total Sales: $260,000
Cash Flow: $40,000
FFE: $50,000 (Included in Price)
Terms and Conditions?:
SBA Financing or Combination of Cash and Seller Financing
Reason For Sale:
New Business Ventures
Training & Support:
Yes Full 2 week training provided by Subway. Seller also agrees to train new owner.
Employees: 3 Full Time and 1 Part Time
Lease Option: 5 years
Type of Location: Commercial Shopping Plaza
Square Footage: 1241