Firehouse Subs Franchises for Sale – Greater Chicago, Illinois
Firehouse Subs Franchises For Sale in the Greater Chicago, Illinois region for $20,000! Asset sale! Two established franchise opportunities, currently grossing an estimated $863,425. Income based on an owner/operator role. Great locations with both restaurants located in busy shopping plazas with other well known restaurants and businesses. Restaurants can seat between 20 and 30 people indoors. Includes all restaurant equipment with a total estimated value of $60,000. Both locations have a loyal customer base and have received many positive reviews. New owner will need to be approved by the franchisor. Some financing available for buyers who qualify for a revolving credit line through our third party source. Apply Here.
Frequently Asked Questions:
What is the current gross revenue for these restaurants?
The current gross revenue being generated is estimated at $863,425.
How do the restaurants profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance these restaurants?
Unfortunately there is no seller financing. This business may qualify for a business or SBA loan. If financing is needed for startup cost you can review additional Financing Options Here.
What is required in order to qualify for purchase?
Typically, most franchise restaurants will have liquidity and net worth requirements (to be determined on an individual basis by franchisor), require the buyer to attend an interview for approval, background check, and in most cases, require you to form an entity such as an LLC or Corporation to purchase. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: royalties, payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance (Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Are the restaurant properties owned or leased?
Currently the owner leases the properties.
Where are the restaurants located?
Located in the Greater Chicago, Illinois region. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: tables, chairs, televisions, wall decor, fixtures, steamers, toasters, refrigerators, freezers, coolers, registers, lighted signs, slicers, ice machines, sinks, microwaves, shelving, computers, phones, printers, small wares, and much more. Estimated value is $60,000.
What size are the restaurants and how many customers can they seat?
These restaurants can seat between 20 and 30 customers inside.
Do the restaurants currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Do the restaurants offer drive-thru or delivery service?
There is no drive-thru but delivery services are currently offered through EZCATER, Grubhub, Ubereats, and Doordash. Both locations have established catering clients that continue to expand.
How long has the seller owned the restaurants?
Seller has owned these restaurants for 1 year.
Why is the owner selling?
The owner is moving from the region.
What are the hours of operation?
These restaurants are operated from 10:30am to 9pm Monday – Sunday.
What else should I know?
Established franchise opportunities. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Locations have a great reputation and brand recognition. Priced at $20,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.