Established Jimmy John's for Sale in a Great Location!
Asking Price: | $125,000 |
Inventory: | $9,000 |
FF&E: | $120,000 |
Gross Revenue: | $580,961 |
Rent: | $6,180/Month |
Established Year: | 2016 |
This is a fantastic opportunity for an owner-operator to step into a Jimmy John's in a great location! In the 2 years that the seller has owned the store, it's seen tremendous growth. There is great potential here, however, the current owner has not been able to dedicate the time required to properly run the store. But his loss can be your gain. In the 8 years the store has been around, it's grown a loyal following as the area grows. Right now, the store sees daily traffic of 44,000 cars which is a number that's growing every year. The seller hasn't done any marketing until recently and he's already seeing it starting to pay dividends. The store is beginning to build a great reputation in the area that you can continue to build upon!
2023 was a rough year because of poor management. However, over the last 2 months, the owner has been working part-time in the business to right the ship. Since he's taken over, COGS are down 8% and by the end of the year, sales are projected to increase 10-20% compared to 2023. Sales saw an increase of nearly 17% in 2023 compared to 2022 but broke even due to the store being mismanaged.
To be successful here, work part-time or take advantage of the opportunity to be hands on full-time and take this business to the next level!
The franchisor estimates investment costs for a new store to be anywhere from $356,200 to $674,200. For the asking price here, you can own your own location that's already earning in excess of six-figures. Don't miss out on this opportunity, it will not last long!
Please note: The franchisor will NOT approve a franchisee/buyer unless they have a minimum of $200K liquid capital and $1M net worth.
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