Primo Hoagies Franchise For Sale – Greater Philadelphia, Pennsylvania
Primo Hoagies Franchise for sale in the Greater Philadelphia, Pennsylvania region for $250,000! Established franchise opportunity, currently grossing an estimated $648,311 and nets $85,888. Income based on an owner-operator role. A manager is available for a more passive income. Restaurant operates with 10 employees in place that are willing to transfer if given the opportunity. Primo Hoagies is a popular franchise restaurant offering an wide range of specialty old-fashioned style hoagies. A Catering service is offered. Great location in a large shopping plaza on a busy highway. Location has indoor seating for 20, and includes all restaurant equipment. New owner will need to be approved by the landlord and franchisor.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
Currently this restaurant grosses $648,311 a year.
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 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. Expenses for this location are estimated at $562,473 (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.
Is the restaurant property owned or leased?
Currently the owner leases the property. 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 Greater Philadelphia, Pennsylvania 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: refrigerated sandwich prep tables, sandwich presses, walk-in refrigerators, freezers, microwaves, meet slicers, prep tables, sinks, fountain soda machines, POS registers, telephones, pans, knives, racks, indoor seating, signage etc.
How many customers can this restaurant seat?
This restaurant has indoor seating for 20.
Does this restaurant currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru service, however they do offer catering.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 8 years.
Why is the owner selling?
Owner is pursuing other business interests.
What are the hours of operation?
This restaurant is operated from 10am to 8pm, Monday – Saturday, and 10am to 6pm Sunday.
What else should I know?
A great opportunity to own an existing franchise with huge potential. Primo Hoagies offers a lunch time and early evening menu of cold and warm specialty sandwiches. Priced at $250,000. 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.
Primo Hoagies Franchise
Pennsylvania Greater Philadelphia Pennsylvania United States