A Popular Sandwich Franchise With A Great Deal of Take-Out, Pick-Up & Deliveries
Coralville & Iowa City, IA
Asking Price: $98,000
Gross Sales: $963,811
Net Operating Income: $56,081
Monthly Rent: $3,498 & $4,045
Lease Expiration: 07/2022 & 01/2022
Options: Two 5-Year Options Each
Year Established: 2009 & 2007
Owner Operated: Yes
Seller Financing: Yes
Food Type: Deli, Sandwich Shop
Service Type: Fast Food
Business Type: Franchise
Sale Type: Business

Description:

A popular sandwich shop that serves delicious customizable sandwiches, wraps and salads with over 60 toppings to choose from. Along with chips, cookies, brownies, rice crispy treats and ice cream cookie sandwiches. Plus, fountain/bottled drinks and real ice cream shakes. Also kids menu. Just added fries to their menu!

Customers get to select a sandwich from 10 categories, then choose the bread, cheese, spreads and toppings which includes 11 types of cheeses, 9 types of sauces, 4 types of mayo, 4 types of mustard, 6 types of dressing, 3 types of onions, 16 types of additional toppings then finished off with 7 types of oil or spice. Sandwiches come in small (7 inch), medium (10.5 inch) and large (14 inch).

Simple operation - counter service. Dine-in, take-out, pick-up or delivery. Plus, catering with sandwich & wrap trays, boxed lunches, salads, chips, cookies and drinks. Online and phone app ordering also available. Also rewards club.

Well established locations for over 10 and 12 years! Both conveniently located. Cool modern interiors with open ceilings, lots of stainless steel and open kitchens. Top lunch and dinner spots. Best sandwiches in the area. Popular with the students, faculty, local residents and visitors from all over the state and out of state. Highly rated and recommended.

Feel free to stop by the location as a customer first. This is a highly confidentially 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://whichwich.com
County: Johnson
Location:

Coralville - Prime retail space in the most desired strip mall next to the most popular mall in the area which is also the 2nd largest mall in Iowa. Enjoys a lot of traffic from this adjacent super-regional mall which features more than 100 specialty stores, a 10-screen movie theater, an interactive Children’s Museum and a regulation sized ice rink where the University of Iowa Hawkeyes plays most of its home games!

Other popular tenants in the center include Panchero's Mexican Grill, US Cellular, HuHot Mongolian Grill, Cold Stone Creamery, Blaze Color Salon, Great Clips, UPS Store and more. Perfectly situated between I-80 and Route 6, one mile east of the I-80/I-380 interchange with 45,000 cars each day.

Iowa City - Prime retail space in the heart of Iowa City's Downtown District adjacent the University of Iowa home to extraordinary boutiques & shops, restaurants, bars, entertainment venues, hotels, professional offices and student housing. Tons of foot and vehicle traffic.

It's a place steeped in local flavor and history, alive with participatory art and music, a living room to the University of Iowa, a home to literary giants and an extraordinary community experience.

And there's never a shortage of things to do, Iowa City’s Downtown District hosts a number of events throughout the year, catering to music lovers, foodies, art fans, students and everyone in between including the Taste of Iowa City, The Friday Night Concert Series, Downtown Saturday Night, Iowa Arts Festival, Iowa City Jazz Festival, Sand in the City, Oktoberfest and more.

Real Estate: Leased
Facilities:

Coralville - Leased space $3,498/mth gross. Current lease expires in Jul 2020 with two 5-year options. Iowa City - Leased space $4,045/mth gross. Current lease expires in Jan 2022 with two 5-year options. Square Feet: 1,649 + 1,700 = 3,349. Seating: 49 + 28 = 77. Days/Hrs of Operation: Mo-Fr 10:30a- 9p, Sa 11a-9p, Su 11a- 8p / Mo-Fr 10a-9p & Sa-Su 11a-9p.

Number of Employees: 15 - 20 Each Location
Support/Training:

Two weeks comprehensive training in Dallas, TX. Also a superior on-going support system.

Value of FF&E: Included in Asking Price
Value of Inventory: $10,000 (Not Included In Asking Price)
Competition:

A real concept, serving up superior made-to-order sandwiches with an innovative & personalized ordering system all geared toward enhancing customer experience and ensuring overall satisfaction. Also, a brand with a major heart, the chain has a system-wide community outreach program in an effort to feed the homeless, donate to local charities and contribute to a global fund should a natural disaster strike.

Recent Awards:

Ranked by Forbes - #6 Out of More Than 3,000 Food Chains for Best Franchises in America!

2019 Ranked in Entrepreneur - Franchise 500 For 10th Straight Year
2019 Ranked in National Restaurant News - Top 200

2018
- Named 50 Great Ideas by Restaurant Business

2017
- Franchise Times Fast & Serious List
- Entrepreneur's Ranked in Top 500
- Ranked in The Top 10 In Fast Casual Top 100 Movers & Shakers
- One of Entrepreneur's Top Global Franchises
- Founder Named One Of 2017's Top 24 Fast-Casual Executives
- Top Brand That Grew in Social Restaurant Visits

2016
- Franchise Times Fast & Serious List
- Entrepreneur's Ranked in Top 500
- Fast Casual Top 100 Movers & Shakers
- The Future Fifty - Restaurant Business News
- Franchise Times Top 200+
- Breakout Star /Fastest Growing Franchises - Entrepreneur Magazine
- Inaugural Winner of The Future 50 Pacesetter Award
- Broke Guinness Book Of World Record for the 2nd Time

2015
- Menu Masters "Healthful Innovations" Award - Nation's Restaurant News
- Fast Casual Top 100 Movers & Shakers
- Franchise Times Fast & Serious List
- Franchise Times Top 200+
- Best Franchises in America & Ranked #6 Out Of 3,000+ Chains - Forbes
- Fast Casual Most Innovative & Unique Brand
- Fastest Growing Restaurant Chain in The U.S. & Canada - Chain Store Guide
- Menu Masters "Healthful Innovations" Award - Nation's Restaurant News

Growth and Expansion:

A fast-casual restaurant chain specializing in custom sandwiches and salads. Headquartered in Dallas, TX. Founded in 2003, began franchising in 2005. Currently more than 500 locations in 40 states and 11 countries. The franchise is also strategically positioned in the fast-casual sector, the fastest growing segment of the restaurant industry!

Seller Financing Available: Possibly, to a well-qualified buyer with substantial down.
Reason For Selling: Family changes.