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For Sale: Submarina Franchise - Lake Elsinore, Riverside Area


Current Status: Active     Posting #: 251714     Last Refreshed: 11/22/19    
Contact: Linnea Westlake At 925-209-4592  -  Also Email This Contact Below
Price:  $49,665     Down:  $49,665     Adjusted Net:  $47,039     Revenue:  $384,325    
Business Address:  None Given     City:  Lake Elsinore     Zip:  92532    
Attributes:  Semi-Absentee Run, Training & Support     Cooperation With Brokers?  Call

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  Description About This Posting: Submarina Franchise
Excellent opportunity for local family to operate for additional income. Well established Submarina Franchise in Lake Elsinore priced for quick sale. Great reviews. 2018 Gross $384K, SDE $47K. Asking $49K.

The Submarina franchise system started in San Diego in 1977. Product quality and friendly service fostered success. Sandwiches are made from local fresh ingredients, meats and cheeses are sliced in front of customers, and breads are baked locally and delivered to shops 7 days per week. This is a delicious fresh generously proportioned sandwich.

Store is located on corner in a newer Mall Center. The area is growing with significant new commercial and residential development. Store was established in 2005, with current ownership in place for 8 years. They are selling to focus on their other store that is more conveniently located to where the family resides and sending teenager to college.

Lake Elsinore Submarina has 8 part-time employees including 1 manager. It is ready for a new owner operator to step in full time replacing at least 1 FTE - while focusing on growth through increased catering, delivery and walk in business. 1 manager ($13.50/hr) and 7 other part-time employees at $11.50/hr. Absentee owner pays himself $15,600/year out of payroll. Current lease on 1,300 sq. ft. at $5,545 can be extended.

This is a solid opportunity for a local family to step in to a going concern and grow it at a fraction of the estimated $250K+ financial and time investment required to start new.

To get more information about this Submarina Franchise business for sale in Lake Elsinore, Riverside Area please phone Linnea Westlake (Intermediary, Broker - BRE License #:02028068) at 925-209-4592 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #251714 on BizBen.com. In addition to phoning Linnea Westlake, make sure you email Linnea Westlake above to get more info about this Submarina Franchise, to ask any questions or request an appointment to see this business for sale. Thank you.

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