Absentee-Owned Subway in Norcross | Metro-Atlanta, GA!
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update dateJuly 6, 2023 publish DateJuly 6, 2023 Total views 61Description
Weekly Sales of $6,265! Yearly sales are over $308,000!
Absentee-Owned! Seller has had the store for over 25 years since 1996! Seller wishes to retire!
Net Profit is $54,000 AFTER paying over $77,000 in payroll and all other expenses! Huge Opportunity for an Owner-Operator!
The rent is ONLY a total of $2,300 per month which includes trash and water and CAM!
Buyer will need to remodel by December 2024. The approximate remodeling cost will be $40k to $45k.
Close proximity to universities like DeVry University, Altierus Career College – Norcross with over 434 students, Gwinnett College, Ashworth College, Mercer University, Georgia State University: Perimeter College.
3 miles from a $100 million, 354-unit residential development with 90 industrial-style loft units, 200 flat-style units, and 64 townhomes. 4 miles from Gateway Ventures with 184 luxury multi-family rental homes and 9 live/work units.
6 miles from Gateway Norcross is a 160-unit project with four stories tall and features resort-style amenities.
Average traffic count of 25,100 vehicles passing by the store each day!
Asking Price for Business-only: $99,000 plus inventory! Inventory is roughly $4,000 at cost.
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Highlights
Financial Details
| Annual | Per SF | |
|---|---|---|
| Gross rental income: | $308,000 | $Infinity |
| Other Income: | ||
| Operating Expenses: | ||
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| Total Expenses: | ||
| Net Operating Income: |
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