Incredibly rare opportunity to own two Jersey Mike's submarine sandwich franchises. Highly respected and popular brand. The Stores are in City of Industry, LA County. Very nice locations. They are in very good condition. 2017 Gross $1,218,165. 2018 $1,218,165. 2018 SDE 77,549. Priced to sell now at $349,500 for both!
Stores have been absentee owned and operated - not recommended. Transitioning buyer can step into this operation without the financial and time investment required to launch from scratch. New So. CA franchises are currently requiring an investment of about $400k per store to launch new plus at least 6 months to identify location, negotiate leases, tenant improvement/build out, recruiting, hiring and training - just to get the doors open.
Move in ready (approx.3&5 years new). Originally 20 year leases including the renewal options on 1100 and 1200 sq. ft. respectively. New office complex is adding 1000 potential customers across from one of the stores this year. Hwy construction near the other will complete soon streamlining traffic flow into the center.
LA territories are sold out! Opportunities for additonal stores once you are "in the system" but currently no other way to enter the JM system in LA from "the outside".
22-24 employees, 6 key holders including 2 managers. FFE estimated at $80K, Approximately $20K inventory. FFE available for purchase for 3rd store (currently in storage) - $25K.
Stores are positioned for significant growth with appropriate owner operator focus on catering, delivery and foot traffic. As few as 25 additional sandwich sales per store per day will make a significant impact on profitability (all profit less COGS). As profitability improves, price will increase so serious buyers should not wait.
Seller motivated as family has other business interests. Serious inquiries from those prepared to act immediately will be prioritized.