Lenny's Sandwich Shop Restaurants For Sale
www.GlobalBX.com
Listing ID:
700287187
Listing Title:
Lenny's Sandwich Shop Restaurants For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=287187
Industry:
Food and Beverage
Industry Segment:
Other Food and Beverage
Country:
United States
State / Province:
Mississippi
Area
City:
Philadelphia
Asking Price Range:
$250K - $500K
Gross Revenues:
$950,733
Cash Flow:
$90,912
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2014
Number of Employees:
20 - 34
Business Description:
Dreaming of owning not one, but two restaurants? Look no more. The Restaurant Brokers have two Lenny's Grill and Subs franchise restaurants for sale in a package deal. Gross sales of $950,000 can be improved with a hands on operator. Current owner is absentee and while the stores deliver $82,474 to the bottom line, food costs are running 36% and labor is 28%. The stores are only a few miles from each other so both could be improved with better oversight.
This fast casual concept features hot and cold subs as well as Philadelphia-style cheesesteak customers, and the customers of both of the locations just cannot get enough! Don't waste time and money building a business from the ground up - get these two Lenny's Grill and Subs franchise restaurants for sale for less than the cost of building out! Both of these locations are open and operating and are ready for a new owner/operator to come the doors!
Great lease locations are right sized and easy to manage. Location one is 2,350 square feet and has rent including CAMS , taxes and insurance all in of just $3,973.46. Location two is 2,000 square feet and the rent is $3,982.54. Both have long term leases with options to renew. Royalties of just 6% of sales - less than many other brands. Transfer fee is $7,500 which pays for you to attend their best in class training.
If you aren't familiar with Lenny's Grill and Subs brand, they have made quite a name for themselves! They started in 1998 in Tennessee and quickly expanded - five new locations opened within one year of operation. After three successful years with six locations, the brand opened their first franchise in 2001. These franchise restaurants for sale are so popular, there's even one in the Memphis International Airport!
Are you interested in obtaining more information on these franchise restaurants for sale or any of our other listings? Call Certified Restaurant Broker, Robin Gagnon at (404) 800-6700
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