Lennys Grill & Subs For Sale in Memphis, Tennessee Ready for New Owner

Dreaming of purchasing a franchise for sale and becoming your own boss? Here's a Lennys Grill & Subs franchise for sale in Memphis doing sales in excess of $580,000.

Why buy a franchise for sale in Memphis? A music-lovers dream, Memphis is nestled in Shelby County and is ranked as the second most populous city within the state of Tennessee with over 650,000 residents. Tourists flock here year-round to indulge themselves in the music culture and learn about musical greats like Johnny Cash and B.B. King. Elvis Presley called Memphis home, and his famed mansion, Graceland, draws in more than 650,000 tourists per year - second only to the White House!  Recently awarded by total system for highest catering increase year over year and highest guest count increases year over year. 

What makes the Lennys Grill & Subs brand great? That's easy! The Restaurant Brokers love this brand for its Philadelphia-inspired subs as well as their other menu offerings including fresh salads, cold cuts, wraps, and offerings for children. This franchise for sale is a fast-casual concept that is super-easy to manage. No frying and no alcohol means no late nights for you! This business is located inside of a 2,000 square foot building with a reasonable lease rate. This location has been open and operating for nearly 20 years, and the current seller has owned this location for 13 of those years.

This franchise for sale has plenty of room for your customers! 50 seats inside and 10 outdoor seats mean there will be no shortage of space for hungry patrons. Lennys Grill & Subs makes sure all new franchisees are ready to take over their new location with four weeks of corporate training which is covered by the $7,500 transfer fee. Lennys Grill & Subs has a very reasonable royalty rate of 6% of sales, which is far less than the industry standard.

Please click on the tab below to easily acknowledge confidentiality on this franchise for sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Robin Gagnon at (404) 800-6700

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Listing

  • Listing#: 5784
  • Price: $155000
  • Location: Memphis
Lease Term: March 31, 2019
Indoor Seating: 50
Inside Sq. Ft: 2000,
Hood System: Yes
Neighboring Businesses: Shopping, dining
Hours Open: Mon-Sat: 10:30am-9pm Sun: 11am-8pm
# of Part-Time Employees: 10
# of Full-Time Employees: 1
Net Sales: $733844.00

Features

  • Join the Lennys Grill & Subs team!
  • $7,500 transfer fee covers your training so you're ready to take the reins
  • Low royalties are just 6% of sales
  • Save thousands on a build-out by purchasing an existing location
  • Located in Memphis - the second most populous city in Tennessee
  • Franchise for sale