Listing Number: 76931-601598
Priced to sell! High visibility location on a busy street in northwest Houston! Seller financing available to a qualified buyer!
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 franchises 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 franchise for sale opened in 1997 and is located in a freestanding building and offers dine in, take out, drive thru, and delivery service. The monthly lease payment is $8,500 (including CAM) and consists of 3,000 square feet.
This business is profitable and currently has 10 employees including a general manager. Per seller's financials, sales in 2022 were $1,056,748 with $290,522 in seller discretionary earnings. The listing price includes FF&E of $100,000, Leasehold Improvements of $125,000, and Inventory of $5,000. The seller is motivated to sell and wants to pursue another investment opportunity. The seller will provide two weeks of training in addition to the training provided by franchisor.
This location would be perfect for a semi absentee owner that is looking to expand their business portfolio. There is a lot of potential to increase catering in the area to nearby homes and businesses.
- Price: $ 599,000
- Down Payment: $300,000
- Sellers Discretionary Earnings: $ 290,522
- Total Sales: $ 1,056,748
- Location: Harris County, Texas
- Inventory: $ 5,000
- FF&E: $ 100,000
- Employees: 10
- Year Established: 1997
- Reason for Selling: Other Business Interests
- Category: Restaurants