These profitable Lennys Grill and Subs Franchises for Sale could not be in a better location in the Memphis area. Both locations are situated in great spots and with sales over one million combined it shows!
The current owner of these Lennys Grill and Subs Franchises for Sale spent $30,000 in renovations in one of the locations so that particular one looks and feels like a brand-new store. Both locations have a beer and wine license which is perfect for the customers to enjoy. One location has 59 seats inside and 4 outside on a patio, and the other has inside seating for 35 and a patio that seats 4. We Sell Restaurants knows a winning brand when they see it and this multi-unit has it all!
The rent on one of these Lennys Grill and Subs Franchises 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. The other location is close to 2,000 square foot and a great rent of only $5,500 with a five year lease remaining. Fully Equipped, both 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 of these stores. That means opportunity for you to use your marketing and management skills to make these Lennys Grill and Subs Franchises for Sale even more profitable, by increasing sales.
This Lennys Grill and Subs Franchises 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.
If you have been looking for a profitable package of multi-unit Franchises 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.
Two locations, over a million in sales, great market, and impressive owner earnings all add up to a great recipe! These exceptional Lennys Grill and Subs Franchises for Sale can be yours. 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 Franchises 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
This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.
- Listing#: 7707
- Price: $379000
- Two Profitable Lennys Grill and Subs Franchises for Sale Memphis Market
- Take Home over $128,000 Annually With This Great Package Deal
- Beer and Wine License for increased Income Potential
- Over $30,000 in Renovations done in 2019 in one store
- Hotels, Offices, and Thousands of Homes in the Immediate Area
- Sub Franchises for Sale in Hot Memphis Market
- 30% down with SBA Lending
- Combined Sales over $1.3 Million
- Franchises for Sale