Subway Franchise For Sale in North Carolina, NC - Rent ONLY $1,000/ month. Nation's # 1 Franchise.

New Bern, NC

Type: Established business   
Category: Retail - Restaurants
Category: Retail - Other Eating & Drinking Places

Ad ID: 345705

Financials
Asking: $169,000
Included in the Asking Price:
Furniture, Fixtures, and Equipment: $85,000
Not included in the Asking Price:
Inventory: $1,750
Gross: $350,000
Cash Flow: $92,000 plus


Summary Description
This Subway franchise was opened in 1992 by current/original owner as a side business to supplement income from
owner's regular occupation. The franchisee at this location has always been an absentee owner and spends no time
at the Subway whatsoever. The owner has just recently put the Subway up for sale after 15 years of successful
operation. The store is located within a shopping center in the town of New Bern, North Carolina that provides for a
solid and regular customer base. The center and store are both highly visible and easily accessible. Store has
enjoyed consistent sales since opening - Gross sales and income totaled at least $300,000 annually in each of the
last three years...store is currently on pace to easily exceed $350,000 in Gross Sales in 2008. All sales are
generated solely by employees - both sales and product usage could be improved dramatically with an owner
operator in place or an owner who would simply be a more active presence than at present. The store was
completely remodeled with all new equipment and was upgraded to the latest Subway decor in 2005. This store also
features a VERY LOW FIXED rent that allows this store to be very profitable compared to similar Subway locations in
higher rent areas. Subway Franchise royalties and advertising costs total 12.5% of sales. Food (Product) costs
typically average 28%-31% of sales for a Subway franchise. This business shop is part of the nation's number 1
franchise and provides an excellent opportunity for a new owner operator to be highly successful. 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: 1992
Employees: 6-7
Facilities: Subway has approximately 1000 sq.ft. rental space in front face retail building. Monthly base rent is fixed
at
ONLY $1,000/month through July of 2010 (Monthly average payable to landlord is less than $1,100 including
CAM, taxes, and related landlord charges). One 3 year option then remains in which base rent is fixed at $1090/
month through 2013. Additional lease options can be obtained thereafter if desired.


Market Outlook
Competition: Typical retail and food establishments located in the area. Very stable and solid marketplace.


About the Sale
Financing: Various financing packages/options are available to qualified parties.
Support/Training: Subway Franchisor provides 2 weeks of training @ its company headquarters. Local Subway
development agent for Franchisor also provides extensive on-site training and assistance.
Reason Selling: Owner is selling to concentrate on regular occupation and other concerns.


Contact Information
Lane M. Cremeans
Atlantic Business Brokerage, Inc.
Phone: 443-799-4835
Write: Reply to this ad
Request More Info: Download Confidentiality Form