Jersey Mike’s Subs Franchise For Sale Tampa, Florida
Jersey Mike’s Subs Franchise For Sale Tampa, Florida for $189,000! Well established franchise opportunity, currently grossing an estimated $355,870 and nets $79,280. Income based on an absentee owner role. Restaurant is located within a large, high traffic plaza and seats 28. Catering service is also offered. Includes all restaurant equipment with an estimated value of $45,000. 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 $355,870.
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?
Unfortunately there is no seller financing and, this business may qualify for a business or SBA loan. However, 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: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance. Expenses are estimated to be $276,590 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 3 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 Tampa, Florida. 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: Bread Oven, Walk-In Freezer, Sandwich Counter, Grill, Hood, Slicer, Ice Machine and Furniture. Estimated value is $45,000.
How many customers can this restaurant seat?
Restaurant is 1600 sq. ft., located in a busy plaza. This restaurant can seat 28 inside.
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. Delivery is available through a third party company.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 10.5 years.
Why is the owner selling?
Owner is downsizing.
What are the hours of operation?
This restaurant is operated from 10am to 9pm, Sunday-Saturday.
What else should I know?
Established franchise opportunity located in a busy plaza. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Jersey Mike’s Brand has a great reputation. Priced at $189,000. 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.