Detail

update dateMay 19, 2021 publish DateMay 19, 2021 Total views 129
  • Type: Retail
  • Status: Active
  • Listing ID:6788
  • Financing: Bank Financing
    • Description

      DO NOT SPEAK TO EMPLOYEES! The seller will not do a deal with you if you speak to employees.

      100% Absentee-Owned, High-Volume Subway in Loganville, GA! Huge Opportunity for an Owner-Operator!

      Weekly sales are average $8,991 for 2021 YTD! Weekly sales for 2020 during the pandemic were still at $7,184!

      Seller’s Net Profit is $92,855 for 2020 as an Absentee Owner after paying $64,582 in Employee Payroll! This is based on only $394,400 in sales from 2020 during the pandemic! Sales in 2019 were $421,643! Sales for 2021 are expected to reach about $470,000!

      Huge opportunity for an Owner-Operator to reduce payroll and generate additional income! Sales are growing back substantially now that we are in the post-pandemic economy!

      Seller has had the business since 2007 and looking to invest in a different venture.

      New equipment already paid for in the store covers a substantial part of the remodeling costs! The remaining remodeling requirements from Subway are only cosmetic and will cost between $25,000 to $30,000 in expense total after a couple of years.

      Base rent will be only $3,850 NNN plus CAM in April 2022 and increase by only 3% yearly thereafter. 5-years remaining on the lease but the right buyer can obtain a 10-year lease!

      High Average Daily Traffic Count at 32,700! Located in Metro-Atlanta! 1 hour from Athens! 15 mins from Snellville! 20 mins from Lawrenceville!

      Surrounded by residential homes! Near 2 Elementary, Middle Schools, and a High School. 154-acre park with ball fields & playground, plus a lighted skate complex, track & tennis courts nearby! Apartments totaling 371 units. 10 mins from a Country Club and a supplier employing over 150!

      Asking Price is only $195,000 + inventory! Inventory is about $5,000 at cost.

      DO NOT SPEAK TO EMPLOYEES! The seller will not do a deal with you if you speak to employees.

      If interested, please give us a call anytime at (770) 415-9940 or email your full name and best contact number to info@riverbrokers.com

      Highlights

      .High Average Daily Traffic Count at 32,700!

      Financial Details

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