National Sandwich Franchise in Prestigious Mall - Owner Absentee - Only $70K
Listing: # 8255
Price: $ 70,000
Fast Food Establishment
|Real Estate Price:||$0|
|Down Payment Required:||$70,000|
|Total Cash Flow:||$0|
Description and Operations
|Reason for Sale:||Seller is going back to corporate world as CPA.|
Reason for Sale:
Seller is going back to corporate world as CPA.
This is one of the very best locations possible in the Houston area, for this quick service restaurant franchise & catering service! The shop serves fresh Philly and chicken cheesesteaks, healthy wraps with tasty combinations of meats, real cheeses, a variety of produce and delicious sauces. Also on the menu are flavorful wings, customized sandwiches, salads, pitas, subs, baked fries, rice bowls, fruit lemonades and more. Beginning in 1989 this franchise is the largest one in its industry with 50 franchise locations currently in the US; 10 of them in the Houston area. Seller implemented corporate catering since 2018 including an online ordering system in-house, own website and active online presence across social media platforms. In 2019 sales increased 13% compared to 2018 primarily due to catering and partnering up with ALL the food delivery platforms available in Houston market. Even during COVID-19 and mall closure, the store had the infrastructure already in place for continuing having corporate catering sales as well as food delivery through the food platforms (EzCater, DoorDash, RestoLabs, AmericaToGo, Corporate Catering, Zuppler, Waitr) as they had a solid customer base of loyal and frequent clients (98% are repetitive corporate customers). 2021 revenues are rebounding from Covid, ie. June 2021 revenues are 50% higher than June 2020. 2021’s 6-month proforma presented is without large Nov/Dec 2021 revenues so actuals should be substantially higher. Manager on staff could be replaced by new buyer saving on employee costs. Franchisor provides 1 week training in Houston area. Royalties are 6% and transfer fee of $11,250 to be paid by buyer. This business is also suitable for E2 (investor) Visa. Franchise corporate is negotiating new lease rates and is expected to be significantly lower than current. Get in on this low price now before it is gone!