Firehouse Subs Opportunity in Southern Maine

Undisclosed Address, Maine
Business Opportunity for Sale
Catylist Listing ID: 30676284
Property Subtypes: Food and Beverage
Building Size (RSF): 1,800 SF
Sale Price: $205,000
Franchised Business: Yes
Franchise Parent Name: Firehouse Subs
Gross Revenue: $648,401 (Annual)
Cash Flow: $34,795 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 7/27/2021

Overview / Comments

Firehouse Subs’ mission is “to carry on our commitment to and passion for hearty and flavorful food, heartfelt service, and public safety”. Firehouse brand subs are unique. The franchise uses only choice products that are several levels higher in quality over the competition. The portions are hearty, with large subs containing a half pound of meat. The steaming process brings the flavor out of the meat and cheese, while adding moisture and not drying the sandwich out.

The company’s core business is repeat customers, but in summer and during holidays the location also capitalizes on tourists and travelers. The business has remained consistent the last few years regarding sales and employee count. It was expected that 2020 revenue would have significantly increased if Covid had not hit.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Seeking new opportunity
Value of Inventory Included ($): $11,000
Value of Furniture, Fixtures, and Equipment ($): $82,766
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Employee/Labor Description: Owner, 2 FT & 12-14 PT
Mgmt/Training Support Description: 2 weeks
Competition/Market Description: The location doesn't have any direct competition. Customers are looking for taste and quality, and are willing to pay more. There is one other food establishment in the vicinity that offers a different menu. It usually comes down to preference or proximity as to who the customer will ultimately choose to patronize on a given day.
Growth/Expansion Opportunities: A new owner who continues working as the general manager will see more profit annually. Other opportunities to provide cost savings include internalizing the bookkeeping and payroll. Additionally, the largest opportunity for growth is catering, which has higher profit margins.

Contact

Photograph of Listing Agent

Kirk A Butterfield

Keller Williams Commercial
NECPE Member
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