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Profitable multi-unit Jimmy John's for sale, Atlanta, GA

Fulton County, GA

Profitable multi-unit Jimmy John's for sale, Atlanta, GA
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Asking Price: $1,150,368

Cash Flow: $264,294

Gross Revenue: $1,101,597

EBITDA: N/A

FF&E: $321,000

Inventory: $10,000*

Established: N/A

*not included in asking price.

Profitable multi-unit Jimmy John's for sale, Atlanta, GA

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Business Description

This is a rare opportunity to own a very profitable, two-unit location of an established and powerhouse brand in the fast-casual food industry, Jimmy John's. Location 1 established in March 2015 and generates sales ranging from $571,000 to $610,000 per year. The owner's earnings (SDE) for this location have continuously increased from $126,895 to $178,365 over 3 years. Location 2 opened in August 2017 and in its full first year of operations generated $530,000 in sales and $85,175 of owner's earnings (Expected to increase in 2019/year 2). Combined the two locations are netting $263,000 of SDE per year!! The current owners are not actively marketing the business so there are opportunities for significant upsides -per franchisor statistics, average store revenue is $1,128,648.

Business valuation was determined and valued based on these key drivers.
1. Nationally recognized franchise brand seen as an industry leader in its space
2. Stores have high profit margins and strong cash flow with growth potential
3. Extremely favorable lease terms for both locations (renewable until 2029 and 2035)
4. Sales multiple of 4.3X of current 2018 SDE, expecting 2019 earnings to increase given location 2 is relatively new to market

Detailed Information

Location:
Fulton County, GA
Inventory:
Not included in asking price
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location 1 established March 2015 Location 2 established August 2017 Jimmy Johns founded in 1983 and started franchising in 1994
Growth & Expansion:
Seller is not actively marketing the business. Significant upside in revenue at both locations. New owner can operate the business and manage more hours and significantly reduce the payroll.
Reason for Selling:
other interests
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Vivek Patel

Business Listed By:
Vivek Patel

Transworld Business Advisors Atlanta-Intown

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Sponsoring Broker:
Viraj Patel

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