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Food & Beverage

Motivated Seller!!! Profitable Sub Franchise

Ingham County, MI, USA
Updated 1 day ago

This popular franchise is located downtown on the first floor in a beautiful corner building. Multiple businesses are in the building, and 70% of the sales are during lunch hours. A patio area is also available. The business has been there since 2012, and the current owner is absent due to running other businesses. 2023 sales were $643,841, and with a new operator, the numbers should continue to grow. The base rent is $3,111 for 2,247 sqft ($1,250 for utilities and $521 for common area maintenance, totaling $4,882). Franchise Fees: Royalty: 6% National advertising: 4% Local advertising: 1%-2%

Employees

3FT / 7PT

Financing

Cash or Bank Financing

Inventory

Inventory is not included in the asking price.

Facilities

This 2,247-square-foot business is located on the 1st floor in a busy downtown. The restaurant is turn-key, and a patio area is also available.

Lease Info

The base rent is $3,111 for 2,247 sqft ($1,250 for utilities and $521 for common area maintenance, totaling $4,882).

Building Sf

2247

Competition

Normal competition for a downtown.

Lease Expiration

2029-04-13

Growth & Expansion

A new owner can grow the business by being a full-time operator.

Support & Training

The franchise will provide training.

Reason for Selling

Other business interests

Financials

Asking Price
$175K
RevenueMost Recent Year
$644K
EarningsLast Reported
Undisclosed
Assets ValueNot Included in Asking Price
$110K
Seller Financing
Not available

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