World's # 1 Sub Franchise For Sale in North Carolina. Well Established, Low FIXED Rent, Growing Sales!
Pamlico County, North Carolina
Type: Established business
Category: Retail - Restaurants
Category: Retail - Other Eating & Drinking
Ad ID: 491611
Financials
Asking Price: $180,000
Gross: $330,000
Not included in the Asking Price:
Inventory: $2,250 (approximate)
Franchise Fee: $5,000 (maximum)
Included in the Asking Price:
Furniture, Fixtures & Equipment
Summary Description
Well established and profitable Sub & Sandwich Franchise for sale in North Carolina...part of the nation's # 1
Franchise Sub Chain. The business was opened in 1997 and is located near the marina area and waterways of
Pamlico County, NC. Business features the latest franchise decor and design and was remodeled in July of 2008 -
no further decor or remodel upgrades are required by the franchisor until the summer of 2015 at the earliest. Sales
trends have been very steady and consistent since inception, and are NOT seasonal. Sales have increased each of
the last 3 years, and continue to do so in 2010. Net Sales and Income totaled approx $330,000 in 2009 and are
ahead of that pace in 2010. Business has LOW FIXED rent with no increases throughout the current term.
Franchise royalties and national advertising fees total 12.5% of sales. This is an excellent opportunity to join the
nation's number 1 sub and sandwich franchise and become self employed in 2010 and beyond. Interested in
learning more? Download the Buyer Confidentiality form below and complete & return to us. Upon return receipt, you
will be provided specific data for this opportunity.
General Information
Year Established: 1997
Employees: 6-8
Facilities: Approx.1500 sq.ft. rental space in front face retail building. EXCELLENT LEASE TERMS - Base rent is
FIXED at $1,225/mo until end October, 2011. Seller currently pays additional $75-$100/mo to landlord for CAM &
typical other rent charges as per norm. One 5 year lease option remains through end October, 2016, where base
rent will be FIXED at only $1,350/mo or less...Additional options can be obtained thereafter.
Market Outlook
Competition: Typical retail and food establishments located in the area. No other Sub franchise shops from the
same franchise within 8 miles.
About the Sale
Financing: Inquire with Broker.
Support/Training: Franchisor provides 2 weeks of training at its company headquarters. Local representative for
Franchisor also provides on-site training and assistance after purchase.
Reason Selling: Owner is selling due to personal/family reasons and relocating out of state.
Contact Information
Lane M. Cremeans
Atlantic Business Brokerage, Inc.
Phone: 443-799-4835
Email Reply For This Business: Reply to this ad
Request More Info: Download Confidentiality Form
Pamlico County, North Carolina
Type: Established business
Category: Retail - Restaurants
Category: Retail - Other Eating & Drinking
Ad ID: 491611
Financials
Asking Price: $180,000
Gross: $330,000
Not included in the Asking Price:
Inventory: $2,250 (approximate)
Franchise Fee: $5,000 (maximum)
Included in the Asking Price:
Furniture, Fixtures & Equipment
Summary Description
Well established and profitable Sub & Sandwich Franchise for sale in North Carolina...part of the nation's # 1
Franchise Sub Chain. The business was opened in 1997 and is located near the marina area and waterways of
Pamlico County, NC. Business features the latest franchise decor and design and was remodeled in July of 2008 -
no further decor or remodel upgrades are required by the franchisor until the summer of 2015 at the earliest. Sales
trends have been very steady and consistent since inception, and are NOT seasonal. Sales have increased each of
the last 3 years, and continue to do so in 2010. Net Sales and Income totaled approx $330,000 in 2009 and are
ahead of that pace in 2010. Business has LOW FIXED rent with no increases throughout the current term.
Franchise royalties and national advertising fees total 12.5% of sales. This is an excellent opportunity to join the
nation's number 1 sub and sandwich franchise and become self employed in 2010 and beyond. Interested in
learning more? Download the Buyer Confidentiality form below and complete & return to us. Upon return receipt, you
will be provided specific data for this opportunity.
General Information
Year Established: 1997
Employees: 6-8
Facilities: Approx.1500 sq.ft. rental space in front face retail building. EXCELLENT LEASE TERMS - Base rent is
FIXED at $1,225/mo until end October, 2011. Seller currently pays additional $75-$100/mo to landlord for CAM &
typical other rent charges as per norm. One 5 year lease option remains through end October, 2016, where base
rent will be FIXED at only $1,350/mo or less...Additional options can be obtained thereafter.
Market Outlook
Competition: Typical retail and food establishments located in the area. No other Sub franchise shops from the
same franchise within 8 miles.
About the Sale
Financing: Inquire with Broker.
Support/Training: Franchisor provides 2 weeks of training at its company headquarters. Local representative for
Franchisor also provides on-site training and assistance after purchase.
Reason Selling: Owner is selling due to personal/family reasons and relocating out of state.
Contact Information
Lane M. Cremeans
Atlantic Business Brokerage, Inc.
Phone: 443-799-4835
Email Reply For This Business: Reply to this ad
Request More Info: Download Confidentiality Form
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