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A great opportunity to buy two well-established gourmet sandwich franchise locations in Midland and Odessa, TX – in the heart of the great oil boom of the Permian Basin! Each location is in their 4th year of operation. Jimmy John’s now has close to 3,000 locations across the country. The sandwich franchise operation prides itself on a very focused, limited inventory, simple menu and straight forward marketing approach that offers healthy food consisting of fresh, daily baked bread and the highest quality meats and produce.
Each of the two locations has a solid staff in place, a good combination of full time and part-time employees, and 3 key managers in place at each location. A new owner should be prepared to attend the franchisor’s training program for certification as well.
The stores are each in ideal locations – central locations within the city, and with great street frontage and excellent visibility. Area draws such as a university, and with large, major anchors such as Walmart, Home Depot, and Lowe’s in the same shopping centers, along with several additional eateries in the same area ensures continuous traffic flow! One location offers drive thru service. Each store has been well kept and maintained by the current owners.
Jimmy John’s is one of the top ranked franchise brands – named #1 franchise brand in 2016 in the Entrepreneur top 500 rankings. If you are looking for a high-quality brand name franchise with tons of support, a simple concept, and two well-established and profitable locations to start with, then this is the deal for you!
Same store sales comp growth in each location!
Revenue of $1,732,597
Discretionary earnings of $248K
Asking price of $825K - Seller’s have other business interests that require relocation.
Initial training and ongoing support provided by top rated franchisor. Seller will assist with ownership transition.
Standard SBA style financing available.
For more information, contact VR Business Brokers or email [email protected]
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