Which Wich Sandwich Franchise – Montgomery County, Virginia
Which Wich Sandwich Franchise For Sale in the Montgomery County, Virginia region for $510,000! SBA financing with an estimated $53,000 down! Established franchise opportunity, currently grossing an estimated $743,620 and nets $159,186. Income based on an owner/operator role. Restaurant has been modernized and updated and is located in a busy shopping plaza near salons, banks, retail shops, and other well known businesses. A nearby college also brings in a high amount of sales. Location has excellent online reviews and is ranked in the top 4% of all locations! Includes all equipment estimated at $500,000. New owner will need to be approved by the landlord and franchisor and will be required to attend training for 1 month. 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 this restaurant?
The current gross revenue being generated is estimated at $743,620.
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?
Yes, this business has been pre-approved for financing of up to $457,000 (amount needed down is variable depending on buyer’s liquidity and credit score). Buyer must also meet the minimum SBA requirements for lending to include: a minimum credit score of 680 and relevant experience in the restaurant industry, or some type of previous management experience from another industry. View SBA loans or more 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, repairs and maintenance, bank charges, royalties, phone, and insurance.
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 9 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 Montgomery County, Virginia. 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 and chairs, refrigerators, ovens, prepping stations, signage, POS system, and much more! Estimated value is $500,000.
What size is the restaurant and how many customers can it seat?
Restaurant is 2,050 sq. ft. and can seat 45-50 inside.
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?
The restaurant does not offer drive-thru or delivery services but a catering service is offered.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 1 year.
Why is the owner selling?
Owner is pursuing other business opportunities.
What are the hours of operation?
This restaurant is operated from 10am to 9pm, Monday-Sunday.
What else should I know?
Established sandwich shop in a great location! Established franchise opportunity! Turnkey and move in ready. Plenty of opportunity to increase revenue. Priced at $510,000. 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.