Lennys Grill & Subs Franchise for Sale - Money Maker is Priced to Sell!
Buy this franchise for sale with just 20% down! Perfect books and records qualify for lending with earnings on the books! Location has been a strong money maker for many years. Seller has installed the newest signage and multiple upgrades. That will only help to build upon the secure earnings and track record in place at this franchise for sale location.
This business will qualify for BOTH lending and an E2 visa. This Lennys Grill & Subs franchise for sale has been operating for 10 years in the same location. Sales exceed $450,000 per year and the an owner operator will take home over $60,000. There is a limited amount of improvements still pending but the bank will roll this into your lending with the restaurant brokers resources ready to go. The cost for minor improvements remaining is $15,000 or less. New artwork, fresh paint and many elements already in place reflect the latest upgrades required by the brand.
Perfect books and records. Outstanding market. Houston ranked among the top-performing U.S. metros last year and has historically been a top 10 metro leading the nation in population and job growth. In March 2018, the Brookings Institute ranked Houston the 5th best performing metropolitan area by change in growth. Store is in a prime location nearby a business park with plenty of lunch business. Add that to the existing strong and loyal customer base and you've got yourself a recipe for success!his franchise for sale which seats 50 guests is located in a 2,100 square foot space with rent rate set at $5,582.50 per month including CAMS. The current lease expires in July of 2018 with a five-year renewal option.
Training is not an issue when you buy this franchise for sale in a booming marketing. There is a minor $7,500 training and transfer fee that covers four weeks of corporate instruction along with legal assignment of a brand-new franchise agreement. Reasonable royalties -- this franchise for sale charges just 6% of sales and 2% marketing fees, numbers already included in the costs available for your review in our document prepared by the restaurant brokers.
Lennys Grill & Subs has a rich history that started in Tennessee 20 years ago with a focus on hearty subs - namely cheesesteaks. Today they have expanded their reach to include almost 100 locations throughout the southeast region of the United States. At this particular franchise for sale, your guests can indulge in a variety of cheesesteaks as well as other hot and cold sub options, salads, dessert and snacks and kid's menu options.
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- Listing#: 5975
- Price: $129000
- Location: Humble
- Royalties of just 6% of sales and 2% marketing
- Sales of almost $460,000 annually
- In the booming Houston area close to schools and business parks
- Seating for 50 inside
- 2,100 square feet of space for $5,582.50 per month
- Four weeks of training and a new franchise included in the transfer fee of $7,500
- Franchise for sale