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#Business ID: 15139

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Free Standing Pizza & Sub Restaurant, Can Convert!

Business Location: Annandale, Fairfax, Virginia, United States

Asking Price: BUSINESS SOLD Revenue: $ 425,425 Cash Flow: $ 0 to 100k

[Furniture / Fixtures included]

Business Summary

Great opportunity for a restauranteur or someone with little to no restaurant experience to own an Established Pizza & Subs Franchise in Annandale at a fraction of the original cost. The Restaurant can also be converted to a new concept if desired as the restaurant has an incredible free standing location!

The current franchise restaurant has been in business for over 10 years and has a loyal customer base. The Franchise has over 60 locations throughout VA, DC & MD, it is very supportive and has been famous for 'The World's Best Cheesesteaks' and NY Style Pizza since 1954. The franchise has recently introduced "Delivery" to their already successful business model, which has helped numerous franchisees dramatically increase their revenue and earnings! This restaurant has an incredible free standing location that has great signage and visibility and boasts the Franchise's newer modern concept. The current owner unfortunately is absentee and the business needs an active owner to operate and grow the business. Due to the absentee ownership money is being left on the table daily from high labor and food costs as they aren’t properly managed. This location is 100% turnkey and ready for a new operator that can and will be extremely successful in this busy shopping center surrounded by homes and businesses!

If you have your own concept, restaurant or retail and looking for a free standing building in a high traffic area the space can be converted! The seller is motivated and says bring all reasonable offers so don’t let this opportunity pass you by!

For more information contact Dustin Zeher at 571-437-5135 or via email at [email protected]

Property Details

Size:

2200 sq ft

Years Established:

2002

Property Type:

Lease

FF&E:

$ 60,000

Inventory Value:

$ 5,000

Other Business Details

Premise Details:

The free standing building is approx. 2200 sq ft, the lot is approx. 10-11k sq ft and is leased for approx. $10,214/mo. The restaurant is located in a high traffic area with street visibility and easy access from three entry/exit points. The restaurant is currently operating as a pizza & sub franchise and boasts the latest franchise concept, but can be converted to any restaurant or retail concept that requires a free standing facility with parking.

Competition:

There is standard food competition in the shopping center and area.

Expansion Potential:

This location is over 10 years established within the strong, well branded franchise, it just needs a new active owner that can work the business on a day to day basis as the current owner is absentee. Doing so a new owner can expect tremendous growth, especially with the recent launch of Franchise's Delivery Service as it has not been marketed, advertised or been implemented properly. There are thousands of homes and local businesses within a 5 mile radius that the service can be advertised to and will dramatically increase revenue and profitability. If the business is converted there is unlimited possibilities for potential success!

Business Operation Details

Employees:

8

Trading Hours:

10:30am-11pm

Support & Training:

Franchise requires training program. Seller will provide necessary transitional training & support.

Miscellaneous Details

Financing Available:

Yes
Depends on final purchase price, terms and qualifications of buyer.

Reason For Selling:

Family and Dissolving Partnership

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