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Businesses For Sale

Hot Wrap Sandwich Franchise For Sale in Busy SW Houston Mall - Owner Absentee - Only $60K

Listing Agent:


Marcia Bowron

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Available

Listing: # 8046

Price: $ 60,000

Location: Houston

Listing Profile

Classification:

Fast Food Establishment

Purchase Price: $60,000
Real Estate Price: $0
Working Capital: $0
Total Investment: $60,000
Down Payment Required: $60,000
Gross Revenue: $392,503
Discretionary Earnings: $36,751
Imputed Rent: $0
Total Cash Flow: $0

Description and Operations


Established Date: 2001
Monthly Rent: $11,181
Reason for Sale: Owner owns 20+ other fast food franchises. Focusing on those.
Employees(Full): 5
Employees(P/T): 3

Reason for Sale:
Owner owns 20+ other fast food franchises. Focusing on those.


Description:
Very motivated seller of this very popular national hot wrap sandwich franchise that is located in a premiere shopping mall in SW Houston Metropolitan area! Absentee owner has over 20 other fast food restaurants and has committed to opening many more under a different brand name and needs to divest himself of this brand/location per his agreement. The shop serves fresh, healthy wraps with tasty combinations of meats, real cheeses, a variety of produce and delicious sauces. Also on the menu are flavorful customized sandwiches, salads, pitas, subs, baked fries and rice bowls. Beginning in 1989 this franchise is the largest one in its industry with 51 franchise locations currently over 15 states in the US; 9 of them in the Houston area. Royalties are 6% and transfer fee of $5,000 to be paid by buyer. Listing #8102 is the same brand available from the same seller and he will discount for the purchase of both locations. COVID has affected business but will still show profit for 2020. Buyer needs $250K net worth with $100K liquid after purchase for franchisor approval.

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