SOLD! Subway Franchsie, Mpls. area. $65,000 or Best Offer!

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Subway specializes in sandwiches “built” to each customer’s request. They are known for fresh baked breads, wide variety of meats, cheeses and vegetables. The menu includes breakfast, sandwiches, fresh fit choices, salads, fresh fit for kids, sides, drinks and extras. Subway also offers catering with piled-high sandwich platters, giant subs and assorted desserts.
Today, the SUBWAY brand is the world’s largest submarine sandwich chain with more than 44,000 locations around the world.
These two locations are all located in the Mpls. area. They are turn-key locations, with all the equipment and inventory needed in place to ensure a smooth transition. Hours of operation is 9:00 a.m. to 10:00 p.m.
Owner purchased both locations 11 months ago and is very motivated to sell due to health. Seller willing to look at all reasonable offers.
FACILITY:
Location: #1 Mall, 1,600sq. ft. Monthly rent is approx. $3,800, includes CAM and property tax.
Location #2 Mall, 1,457sq. ft. Monthly rent is approx. $4,700, includes CAM and property tax.

EMPLOYEES:
Location #1 1 Full-time manager and 6 Part-time
Location #2 1 Full-time manager and 6 Part-time

GROSS SALES:
Location #1 2017 Sales were approx. $356,697, Gross Sales for 2016 were approx. $402,835.
Location #2 2017 Sales were approx. $404,529, Gross Sales for 2016 were approx. $418,457

ASKING PRICE:
Location #1 Asking $65,000 or best offer for this location, this includes approx. $25,000 in equipment and approx. $4,000 in inventory.
Location #2 Asking $65,000 or best offer for this location, this includes approx. $25,000 in equipment and approx. $4,000 in inventory.

*Seller willing to finance a portion of the sale to a “qualified” buyer. (It will depend on offer).
REASON FOR SALE: Health.
NOTE:
The Buyer is responsible for an approx. $5,000 Franchisor’s Transfer Fee (per location) and 2 weeks of Franchise School in Connecticut.
Franchisees pay 8% in royalties and 4.5% in franchise marketing fees (subject to change). Buyer must be approved as a franchisee by corporate and training will be mandatory.

To find out more-with no cost or obligation- call Bill Kraemer at 612-331-8392 or email bill.kraemer@oibmn.com.