Firehouse Subs Franchise For Sale – Champaign, Illinois
Firehouse Subs Franchise for sale in the Champaign, Illinois region for $50,000! Well established franchise opportunity, currently grossing an estimated $570,700 and nets $51,231. Income based on an owner/manager role. Includes all restaurant equipment. Large restaurant that seats 70 inside and 8 outside. This is a great opportunity to purchase a fully built out store. The ground work has already been done! Store is in a great location on a busy highway. A catering service is also offered. New owner will need to be approved by the landlord and franchisor.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $570,700.
How does the restaurant 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 this restaurant?
This business will not qualify for a business or SBA loan due to the cash nature. If more financing is needed for startup cost you can review additionalFinancing 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: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance. Expenses are estimated to be $519,469 per year.
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.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 7 years. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Located in the Champaign, 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: 2 sandwich table makers, 6 steamers, 1 ice machine, 1 freezer, 2 POS and much more. Estimated value is $75,000.
How many customers can this restaurant seat?
This restaurant is 2300 square feet and can seat 70 inside and 8 outside.
Does this restaurant currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 3 years.
Why is the owner selling?
Seller is moving out of the country.
What are the hours of operation?
This restaurant is operated from Mon-Sun 10:30 am – 9:00 pm.
What else should I know?
Established franchise opportunity. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Firehouse Subs has a great reputation and brand recognition. Priced at $50,000. For additional information and to evaluate this business furtherContact 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.