Perfectly Situated Just A Half Mile From FREMD, A Very Large High School
Palatine, IL
Asking Price: $84,900
Gross Sales: $415,584
Net Operating Income: $65,009
Monthly Rent: $3,400
Lease Expiration: 04/2027
Options: Two 5-Year Options
Year Established: 1994
Owner Operated: No
Seller Financing: No
Food Type: Sandwich Shop
Service Type: Fast Food
Business Type: Franchise
Sale Type: Business For Sale

Description:

Undisputed leader for fast, healthy food in the quick service restaurant industry. Easy-to-prepare tasty sandwiches and chopped salads made-to-order using freshly baked breads, variety of cheeses, select sauces and a variety of fresh toppings. Along with flatbreads, paninis, sliders, signature wraps, hot soups, assorted sides, freshly baked cookies and an assortment of drinks.

The brand continues to introduce new opportunities to further increase sales: new sandwiches, breakfast items, kids’ menu and “fresh fit” healthy meals. In addition to their rewards program and daily/monthly specials. As well as their express service - customers can place their order online or through their mobile app, ready to be picked up at the store! Can also be delivered through Uber Eats, Grub Hub, Door Dash and Postmates.

Plus, they offer delicious and convenient catering with giant subs, piled-high sandwich, wrap and cookie platters and boxed to-go meals, along with sides and drinks. All popular for sports & social gatherings, office meetings, birthday & holiday parties, field trips and more.

There’s also the company’s commitment to promoting well-being, helping the community and reducing the impact on the environment by moving towards cage-free/free-range eggs, locally sourced vegetables, multigrain breads, meats with no artificial preservatives, artificial flavors or colors, using recycled materials, sustainable agriculture and packaging along with their fight against hunger in America and worldwide.

Simple operation - counter service. Well established location for over 26 years. Remodeled with all new equipment, interior and signage in 2012. A staple in the area. Popular with the high school students, commuters, area residents and more.

Recent 2020 Weekly Average Sales: June $7, 320/wk and July $7,221/wk, up 16% year over year!!

Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Business Website: https://subway.com
County: Cook
Location:

Prime corner retail space in a busy strip center at a high traffic intersection. Boasts great signage, visibility and access, plus parking front and back. Other popular tenants include a pizza place, nail salon, cleaners, liquor store and convenience store.

Perfectly situated just a half mile from FREMD, a very large high school. Also close to the thriving downtown area and busy Metra rail station. Incredible opportunity with a huge population of residents in the surrounding high & mid-rise condos, apartments, townhouses, row homes and homes to tap into.

Ideally located in Palatine, an affluent sought-after northwest suburb of Chicago 30 miles from Chicago’s loop and 14 miles from O’Hare airport. This highly desirable suburb has a great mix of residential, commercial, light industrial, office space and many award-winning schools.

Real Estate: Leased
Facilities:

Leased space $3,400/mth gross (also includes water and garbage). Current lease expires in Sep 2022 with two 5-year options. Square Feet: 1,100. Seating: 18. Days/Hrs of Operation: Daily 9a-10p. Owners Role: Absentee Owner.

Number of Employees: 8 Part-Time
Support/Training: Two-week training course at corporate headquarters in Milford, Connecticut involving classroom, as well as, hands-on experience at a local store. World class training along with ongoing world-class support for advertising, purchasing and product development!
Value of FF&E: Included In Asking Price
Value of Inventory: $1,500 (Not Included In Asking Price)
Competition:

Serves nutritious and delicious sandwiches, soups and salads. Offers a fresh alternative to traditional fast food, serving about 7 million made-to-order sandwiches a day. Customers can choose from over billions of combinations of quality ingredients. The leader in customizable sandwiches made fresh. Boasts fresh veggies, quality food, smarter nutrition and a commitment to the environment. And the chain continues to evolve the dining experience of its guests!

Consistently ranks in Entrepreneur magazine's Top 500 Franchises list. Ranked as the most loved Fast Food Chain in the U.S. Currently, boasts a robust social community around 4 million on Facebook and Twitter each!

Growth and Expansion:

First store opened in 1965, began franchising in 1974. Started small in the USA before becoming the largest single-brand restaurant chain and the largest restaurant operator in the world. The company founded 54 years ago is still an American privately held franchise with more 41,000 restaurants in more than 100 countries (more than half its locations still in the US). A top brand that is a quick, delicious, nutritious and an affordable choice. The leading choice for people seeking quick, nutritious meal options that the whole family can enjoy. Is still one of the fastest-growing franchises in the world with global brand recognition!

Own the #1 Franchise. It’s a new day for Subway. Get in on the ground floor of their next chapter. From cutting-edge restaurant redesigns to amped up advertising spend, there’s never been a better time to be your own boss!

Seller Financing Available: No
Reason For Selling: New career opportunity.