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Businesses For Sale   >>   New York Businesses For Sale   

High Volume Sandwich Franchise Near Midtown

Location  New York County, New York, United States
Asking Price Range  < $250K
Gross Revenues  $843235
Net Profit / Cash Flow  $60141
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2003
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will train
Reason for Sale  Personal

Description  
High Volume Sandwich Franchise near Midtown. The current owner has been here for 7 years as an absentee operator. It is a very heavy foot traffic location. At this point they do not advertising other than what the franchise offers. The store was just recently remodeled. THEY OFFER NO CATERING AND NO DELIVERY. There is huge upside right there. This is a unique location with indoor and outdoor seating. That is very hard to find in NYC. In 2012 Gross Sales were approx. $843,235.00 with a Net Income of approx. $67,000.00. THAT IS RUN ABSENTEE! Payroll for 2012 was $169,000.00. A hands on owner or family could reduce that immediately. There are 4 yrs. left on the current lease, plus a 5 yr. option to renew. He is selling due to a partnership dispute. This store had done over $1.2 million is sales a few years ago when the owner was move involved. HE CAN PROVIDE ALL COMBO REPORTS TO VERIFY SALES. Call or email Mel Vaz today to learn more at 631-909-1095.


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