Which Wich Sandwich Franchise for sale in the Wylie, Texas region for $120,000! Established franchise opportunity, currently grossing an estimated $380,777 and net $49,870. Restaurant is located in busy shopping plaza and seat 47 inside and 12 outside. Catering service is also offered. Restaurant operates with 10 employees in place that are willing to transfer if given the opportunity. The restaurant is fully built out and includes all equipment. This well established restaurant has had the same owner for 7 years. New owner will need to be approved by the landlord and franchisor, and will be required to attend training for 1 month. Please be advised that the owner will not entertain seller financing, SBA loans, or third party lending. If seeking financing, buyer must be able to borrow against personal assets.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $380,777.
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?
There is no seller financing. 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 a total of $330,907 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. 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 Wylie, Texas region. Physical addresses will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
The restaurant equipment includes: Walk-In Cooler/Freezer with Shelving, (2) Refrigerated Counter/Sandwich and Salad Unit, Hoodwich, (2) Oven/Conveyer, Microwave Oven, Mop Sink, Blender, Ice Cream Dipping Cabinet, Electric Food Slicer, Refrigerated Merchandiser, Undercounter Refrigerator, Office and Security Equipment.
What size is the restaurant and how many customers can it seat?
The restaurant is 1525 square feet. It can seat 47 inside and 12 outside.
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?
No, however a catering service is offered.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 7 years.
Why is the owner selling?
Owner wants to concentrate on another family business.
What are the hours of operation?
Restaurant is operated 7 days a week 11am – 9pm.
What else should I know?
Great opportunity to purchase an established franchise located in well a established plaza. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Priced at $120,000. 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.