Hoagie Franchise Netting $122K with 10% Down

Montgomery County, PA
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Asking Price:$430,000
Gross Revenue:$1,379,136
FF&E:$160,000
Cash Flow:$122,504
Inventory:$10,000
Established Year:2012
BUSINESS DESCRIPTION

This business has been pre-qualified for a loan with buyer only needing 10% down ($43,000). Buyer would get their 10% they put into the business back quickly.

This business runs very efficiently because it's a franchise, and they have great employees working there. Current owner sticks to the script and follows the proven tested guidelines that the franchise has laid out which led to his success.

Key Facts:

very well know Hoagie franchise with much success
only 10% down needed to purchase business
fully staffed
Owner is the supervisor -paying, bills, marketing, hiring, payroll, networking, helping in store when needed - working only 25 a week
Great accounts with 2 hospitals & 2 colleges
13 years in business at location
store totally upgraded to the franchisors standards
great location with a ton of traffic around and businesses
This location is ranked in the top 10 out of 117 locations in the franchise
ranked among the 10 ten in catering orders in the franchise
Staffing is easy since surrounded by many colleges and high schools
2 weeks training with franchisor
owner will help with transition


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,300
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Growth & Expansion
There are currently four different buildings being built right next to them that are going to be filled with condos and 1st floor small businesses. A huge amount of new potential customers will now only be 2 blocks away. Directly across the street from the store next to the a dealership there will be another large condominium complex built. You not only get the workers building the building you can then target the residents. Currently trying to direct their marketing efforts toward some of the smaller colleges in the area.
Financing
Lender pre-screened with $43K down.
Support & Training
Will train for 2 weeks @ $0 cost.
Reason for Selling
A business came up for sale closer to home.
Franchise
This business is an established franchise
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Joe
Chiarello
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Joe Chiarello