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Absentee-Owned Subway Franchise in Birmingham, AL!

Listing was updated on: 08/01/2019
Absentee-Owned Subway Franchise in Birmingham, AL!

Property Overview

Price/Rent PSF $ 2,600.00
Asset Type Retail
Trade Type Lease
SQ. FT. Available 1
Date Available 08/01/2019
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Description

Yearly Net Profit is approximately $52,000! Owner-Operator onsite can easily generate $10,000 per month in income! Monthly Sales are approximately $23,000 per month. Subway is connected to a gas station which retains a consistent customer flow. Sales have decreased slightly recently because there is currently construction near the store that will finish in a couple of months. Rent is only $2,600 which includes Electricity, Water, and Trash! 10+10 year lease available! Seller owns the gas station property and wants to only manage the gas station and lease out the Subway to ease his workload. He has had the Subway for the past 5 years. Business is fully staffed with 7 employees on payroll, which includes a full-time manager! Owner-Operator can generate a much higher income! Surrounded by residential homes, apartment complexes, as well as retail stores, parks, an aquatic center, courthouse, health department, and many other businesses. Easy access to I-65! Total remodeling requirements will cost approximately $10,000 for the franchisee next year. Asking Price: $89,000 + inventory! Potential Bank Financing Available for the Right Buyer! Bank can possibly bundle the $10,000 renovation cost in the loan itself!

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