This profitable Lennys Grill and Subs Franchise for Sale could not be in a better location in the Memphis area. Located just off an interstate and in a regional shopping center directly on a highly travelled highway. Multiple tenants bring literally thousands of shoppers daily. There are many hotels, office buildings, and commercial centers in addition to the thousands of homes and apartments.
The current owner of this Lennys Grill and Subs Franchise for Sale spent $30,000 in renovations in this long-established restaurant, so it looks and feels like a brand-new store. This particular Lennys has a beer and wine license which is perfect for the 59 seats inside and 4 outside on a patio. We Sell Restaurants can answer any questions you have about this location.
The rent on this Lennys Grill and Subs Franchise for Sale is only $5,895 for the 1,600 square foot restaurant with a lease that’s good until June 2025, with another 5-year option to renew. Fully Equipped, this Lennys has everything you need to continue business. You can buy one day and be in business the next without ever missing a sale!
The current owner own several other businesses and has not been able to devote time to the day-to-day operations. That means opportunity for you to use your marketing and management skills to make this Lennys Grill and Subs Franchise for Sale even more profitable, by increasing sales. The infrastructure and demographics are there.
This Lennys Grill and Subs Franchise for Sale is part of a premier brand that has proven itself with a unique “Philly” style menu, a superb management skillset with excellent support for its franchisees and a reputation with its repeat customers who understand good food and excellent service. With royalties at just 6% of sales and a contribution of 2% for marketing, the levels of support will ensure your success.
Even if your bank account doesn't match your business savvy, that's alright! This restaurant can be obtained with a line of credit offered by our preferred partners. An unsecured line of credit can be obtained from $20,000 to $200,000. Click this link for direct connection to our lending resources.
If you have been looking for a Franchise for Sale, the Memphis area is the perfect market with an area population of 40,000 and a median household income over $110,000, this Memphis market is the perfect demographics for a quality sub franchise.
The exceptional Lennys Grill and Subs Franchise for Sale can be yours in a short while. Check it out today.
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.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 Eric Gagnon at (404) 800-6700
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- Listing#: 7412
- Price: $179000
- Location: Memphis
- Profitable Lennys Grill and Subs Franchise for Sale Fabulous Location
- Take Home over $77,000 Annually With This Great Restaurant
- Beer and Wine License for increased Income Potential
- Over $30,000 in Renovations done in 2019
- Hotels, Offices, and Thousands of Homes in the Immediate Area
- Sub Franchise for Sale in Hot Memphis Market
- 30% down with SBA Lending
- Franchise for Sale