Long time established Subway Restaurant for sale in Brevard County near Cape Canaveral. Opened 41 years ago this Beachside sub shop has been run by the current owner for 27 years who is looking to retire.
Long term lease in place including 2 – 5 yr options. New Subway Franchises to open will range from $200K - $460K with no history or financial track record. This location has a good long record of success and is priced well below that cost.
Buyer will need to qualify with Franchisor and will need $150,000 Net Worth with $100,000 Liquid Assets (cash-on-hand). New owner will have to remodel to update in the next 2-3 years and price of business already reflects discount for that expense.
For more information including a full summary package please contact Franco Ferrari today with Sunbelt Business Brokers of Orlando (Selling businesses since 1985 with over 1,000 SOLD)
Financial Information
$149,500
Asking Price
$72,341
Cash Flow
$261,352
Gross Revenue
$109,500
Down Payment
Yes
Financing
Business Location
City:
Brevard County
State:Florida
Financing Comments
Seller will finance $40,000 at 6% for 3 years
Reason for Sale
Other Business Interests
Detailed information
Year Established:41
Home Based:No
Franchise:Yes
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Part-Time Employees:4
Contractors:2
Owner Worked Hours/w:60
Adjusted EBITDA:
N/A
Inventory Included: Yes
Inventory Value:
$3,000
Monthly Rent:
$1,609
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 1000
FF&E Included?: Yes
FF&E Value: $50,000
Training/Support
Seller will provide one week of training at no cost to buyer
Facilities
Freestanding building with lease thru 8/31/2027 with options to renew