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Established Schlotzsky's In Central Houston
Location: United States -> Texas
Industry: Franchises > Food and Beverages




Business Summary

TRANSWORLD BUSINESS ADVISORS OF HOUSTON.LISTING REF# 76931-112444

Priced to sell! Seller financing available! This sandwich franchise has been open for over 20 years and offers an excellent opportunity for a buyer to get in at a low price as employees continue to return to their offices post pandemic. It also has very family-friendly hours since it's only open Monday thru Friday 10a-2:30p, which means evenings and weekends off! How often can you do that in the restaurant business?

Schlotzsky-s opened its first location in 1971 with a small restaurant on South Congress Ave. in Austin, Texas. They specialize in combining fresh ingredients, unique flavor combinations and the spirit of originality to give you a food experience that you won-t find anywhere else. The company now has over 300 locations and spans across 35 states, serving up toasted sandwiches, artisan flatbreads, specialty pizzas, freshly tossed salads, gourmet soups and more. Schlotzsky's is owned by Focus Brands, which also owns Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands.

The business for sale is located in an office retail center and offers dine in, take out, delivery, and catering services. It also includes a Cinnabon franchise. The business consists of 2,979 square feet with monthly lease costs of $5,900 including CAM. The lease has seven years remaining plus two 5-yr options.

This business was established in 1998 and currently has 4 employees. Prior to the pandemic sales ranged between $350,000-$380,000 per year. Per seller's financials, sales were $355,334 with discretionary earnings of $56,258 for 2023. The outlook for 2024 is even stronger as more employers are requiring their employees to return to the office vs working from home. The listing price includes FF&E of $82,000, Leasehold Improvements of $50,000, and Inventory of $5,000. The seller is motivated to sell and wants to pursue another career opportunity.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $355,334
Cash Flow:   $56,258
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $87,000
Seller Financing:  Yes

About The Business

Year Established:  1998
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Number of Weeks Seller Will Offer Training: 2
Reason For Selling:  Other Business Interest




Print Listing Id: 700372640
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Related Searches: Food and Beverages  >  Retail  >  Service  >  Other Franchises  > 

Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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