Radekopf & Associates

Listing Information

SOLD -Jersey Mike's Subs
Listing ID: 090818	Location: Charleston
Brief: Great Opportunity to own a top grossing Jersey Mike's Subs in the area. Well established for almost 10 years in its current location with a steady and loyal clientele. Known for it's high quality meats and cheeses sliced to order, as well as it's daily fresh baked bread. Sandwiches are the fastest growing category, with sales of quick serve restaurants specializing in sandwiches reaching over $10 billion in 2008. Now is your chance to jump into this field at a great price. Owner willing to provide seller financing with an acceptable offer.

Listed Price:

$255,000

Total Sales:

$550,000.00

Seller's Discretionary Earnings:

$80,000.00

Fixtures Furniture, & Equipment:

$162,000.00 (Included in Listing Price)

Real Estate:

Inventory:

$4,000.00 (Included in Listing Price)

Financing / Terms:

Seller will provide financing with an acceptable offer. $150,000@ 8% for 5 years.

Business Information

Year Established:

1999

Number of Employees:

2 Full Time / 5 Part Time

Days and Hours of Operation:

Monday-Saturday 10:30AM-9PM, Sunday 11AM-8PM

Relocatable:

Franchise Information:

$3500 transfer fee. Seller must complete 180 hrs of training at corporate store located in Mt. Pleasant.

Facilities / Location:

Great location in an end unit of a desirable shopping center. Store was recently updated by the franchisor. Lease is currently $1972 a month.

Lease Information

Lease Expiration Date:

Option:

Monthly Rent:

$1,973.00

Additional Information

Reason for Selling:

Personal.

Business Description:

Established sub shop serving high quality meats and cheeses that are sliced fresh for each sandwich, and piled high on the in-store baked bread right before the eyes of the customers

Potential for Growth:

One of the top producers in the area. Steady and loyal clientele. Established neighborhoods in the area