Long Established South-Bay Franchise Sub Shop in Busy Shopping Center

Long Established South-Bay Franchise Sub Shop in Busy Shopping Center RRC#: 4197 Asking Price: $149,900 Location: Santa Clara County, California Annual Revenue: $558,139 Annual Cash Flow: Contact for Info Monthly Rent: $9,136.66 (All Inclusive) Expiration: 2024 plus Two 5 Year Options Listing Description: Long-established, popular sub sandwich franchise for sale in an affluent Silicon Valley community in the South Bay (the franchise is not Subway). The franchise has been in business for 50+ years, and this location has been open since 1999. The menu features hot and cold sandwiches, wraps, salads, and soups. The owner is semi-absentee, and has not focused on catering. There is a huge opportunity for a new owner/operator to grow catering sales in local schools and the companies in the nearby area. The sub shop is situated within the go-to shopping center of the area, which includes Safeway, CVS, Pet Food Express and Starbucks among their anchor tenants. Within a ten-mile radius of the business, the population is 1,039,349, and the average household income is $169,890. This business is priced to sell, with a sale price based on pandemic sales. As sales are currently trending in the direction of pre-pandemic numbers, this is a great opportunity for the right buyer. Sales thus far in 2022 are up 20% over 2021. 2019 revenue was $641,187 and the cashflow was $90,257. The store is a turnkey operation: it was recently remodeled, and is fully staffed. General Information: Organization: LLC Year Established: 1999 Employees: Contact for Info Reason For Sale: Other Interests Financial Information: Monthly Revenue: $46,511 Monthly Cash Flow: Contact for Info Annual Revenue: $558,139 Annual Cash Flow: Contact for Info Annual Payroll: Contact for Info Facilities: Square Feet: 1,850 Seating: 20 Parking: Parking Lot Days/Hours of Operation: 10am - 8pm Monday - Saturday; 10am - 3pm Sunday Location: Santa Clara County, California Year Established: 1999 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 1,840 Rent: $9,137.00 Per Month Facilities: Square Feet: 1,850 Seating: 20 Parking: Parking Lot