Listing Number: 76931-369152
Recently Reduced! High visibility location on a busy street in west Houston!
Schlotzsky’s opened its first location in 1971 with a small restaurant on South Congress Ave. in Austin, Texas. They specialize in combining fresh ingredients, unique flavor combinations and the spirit of originality to give you a food experience that you won’t find anywhere else. The company now has over 350 locations and spans across 35 states, serving up toasted sandwiches, artisan flatbreads, specialty pizzas, freshly tossed salads, gourmet soups and more. Schlotzsky's is owned by Focus Brands, which also owns Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands.
The business for sale is located in a shopping center and offers dine in, take out, and drive thru service. The business consists of 2,610 square feet and can seat up to 100 customers. A minor renovation will be required by the franchisor in order to bring the location up to current brand standards and increase sales going forward.
This business is profitable and currently has 6 employees. Per seller's tax return, sales in 2018 were $341,186 with $57,144 in seller discretionary earnings. The listing price includes FF&E of $100,000, Leasehold Improvements of $50,000, and Inventory of $3,500. The seller is motivated to sell and wants to pursue another career opportunity. The seller will provide two weeks of training in addition to the training provided by franchisor.
This location would be perfect for an owner-operator that enjoys working with people and is looking to expand. There is a lot of potential to increase catering and delivery in the area to nearby homes and businesses. There is also an opportunity to co-brand this location with Cinnabon (famous cinnamon rolls) in order to increase dessert and breakfast sales.
- Price: $85,000
- Down Payment: $85,000
- Sellers Discretionary Earnings: $57,144
- Total Sales: $341,186
- Location: Harris County, Texas
- Inventory: $3,500
- FF&E: $100,000
- Employees: 6
- Year Established: 2007
- Reason for Selling: Pursue Other Interests
- Category: Restaurants