Franchise Sandwich Shop Central El Paso For Sale

Business description

This store was acquired by the current owner in January of 2008, but has a long track record of being one of the higher volume stores in the El Paso area. This store would be a wonderful opportunity for someone wishing to take over a profitable and well known franchise sandwich store with a solid customer base. Also, buyer should consider purchasing the Seller s second location (see GBS264B) which would significantly increase Buyer s opportunities for additional sales and cash flow. (Gross Sales & EBITDA based on 2008 actual results) This offering is structured as an asset sale.

Property information

Real Estate:

Lease

Premises details:

This restaurant is located in East/Central El Paso area relatively close to Ft Bliss military base and El Paso International Airport. A significant amount of commercial traffic is in the area. Space is approximately 1200 sq ft, with a current monthly rent of $2,051. Lease term has 3 years remaining and owner is confident that landlord will extend the lease if buyer desires.

Size in square feet:

1,200

Other information

Expansion potential:

Expansion of Ft Bliss should help this store grow on a long term basis. In addition, the owner has recently started a home/commercial delivery service for the business and this part of the business should continue to grow. The current owner recommends that the new owner increase the local store marketing by bringing flyers to area businesses and by utilizing direct mail of promotional flyers in the store market area.

Competition / Market:

This is the only sandwich shop of its kind in the immediate area; however, as this is in an area of high traffic and demand for food services, many other restaurants and fast food facilities are in the area.

Support & training:

2 weeks - longer term consulting

Reasons for selling:

Current owner's job require significant travel in the near future

Financing available:

SBA may be possible w/20% down

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$3,000 (included in the asking price)