Two Franchise Sandwich Restaurants Plus Area Development Rights

Two Franchise Sandwich Restaurants Plus Area Development Rights

Two Franchise Sandwich Restaurants Plus Area Development Rights

Price: $375,000

Location: Grand Junction

Industry: Restaurants and Other Eating Places

Listing ID: 20052610
DESCRIPTION

Own your own destiny as part of an established, dynamic, national sandwich brand with locations in over 40 states and internationally. Combined, the two Grand Junction stores had growth in sales in 2018 over 2017, with $1.212 million in gross revenue in 2018. These restaurants are located only three miles apart, in two distinct major trade areas, allowing for efficiencies in management, staffing, and supply chain. Additionally, at a steep discount over original price, a buyer can purchase four fully executed development that can be used to open franchise locations anywhere franchisor has open markets (subject to franchisor approval of market and franchisee.)

The first location has been offering quality sandwiches, salads, and wraps for nearly ten years in a fun, high-energy environment. This location is blocks from a university with over 10,000 students and less than one mile from the largest medical center between Denver and Salt Lake City. This store has enjoyed packed lunch rushes

LISTING DETAILS
Total Sales: $1,200,000

Seller’s Discretionary Earnings (SDE): $129,000

FFE: $95,000

Reason For Sale:

The owner wants to move onto a new career.

Training & Support:

Franchisor provides training at their Franchise University, and seller is willing to assist with the transition by working with the new owner(s) in the stores for an agreed-upon period of time.

OPERATION
Year Established: 2010
Employees: 30

LOCATION
Monthly Rent: $3,000
Square Footage: 1700

SUMMARY

Competition:

Both stores are located in prime locations in the Grand Junction market with limited, direct competition. They enjoy high visibility with the city of Grand Junction reporting traffic counts of 30,345 daily by one store, and 26,969 daily by the second store. According to the Milken Institute, a world-renowned nonpartisan think tank, which released its annual rankings in January 2019 of the “Best Performing Cities”, Grand Junction ranked 28th in job growth and 22nd in high-tech GDP growth for small metropolitan areas across the nation.

Potential Growth:

Four fully-executed development agreements are a part of this purchase and can be used to open stores anywhere franchisor has open markets. Options could include Western Colorado such as Fruita, Montrose, Durango, or Glenwood Springs. Expand into other Colorado areas such as Vail, Steamboat Springs, or Aspen, or Utah locations, such as Moab or St. George. All the above is subject to franchisor approval of market and franchisee.

For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Kevin Brooks

Phone: 9702169288


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