Profitable Sub Franchise
Ingham County, MI
| Asking Price: | $249,999 |
| Inventory: | $15,000 |
| FF&E: | $110,000 |
| Gross Revenue: | $643,841 |
| Rent: | $3,111/Month |
| Established Year: | 2012 |
Listing ID: 2265467Listing provided by BizBuySell
BUSINESS DESCRIPTION
Turn-Key in a Busy Downtown
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%
DETAILED INFORMATION
Location
Ingham County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,247
Lease Expiration
13/04/2029
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in 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.
Competition
Normal competition for a downtown.
Growth & Expansion
A new owner can grow the business by being a full-time operator.
Financing
Cash or Bank Financing
Support & Training
The franchise will provide training.
Reason for Selling
Other business interests
Franchise
This business is an established franchise
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