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Evansville, IN
Map
Store
Trailing 12 Month Sales
Ending 6/30/2015 Managed Cash Flow
Firehouse Subs #622 $683,633 $74,602
Firehouse Subs #963 $446,849 $53,273
TOTAL $1,130,482 $127,875
Firehouse Subs
$429,000 for package
Evansville, IN is 1 hr 45 min west of Louisville, KY and 3 hours south of Indianapolis, IN.
Stores are 9 miles apart.
$429,000 for package Firehouse Subs #622
$683,633 1031 N. Green River Rd.
Inventory: $5,000 Evansville, IN 47715
Managed Cash Flow**: $74,602
*
**
Franchise Information:
1/1/2022 with 10 yr option Transfer Fee: $10,000 Training Location: Indianapolis
Royalty: 6.0% Advertising: 1.0% Training Period: 4-6 weeks
Remodel Requirements:
$3,600 Options: 1-5yr Security Deposit: $8,000
Percentage Rent: 6.00% CAM: $1,094 Real Property Available: No
Expiration: 11/1/2024 Monthly Property Tax: $208 Increases: 11% in 11/2016
Location Details:1/1/2012 Building Type: Inline Building Size: 2400 SF
1/1/2012 Seating: 78 Employees: 5 F/T, 10 P/T
Hours of Operation: 10:30am-9pm Su-Th, 10:30am-10p F-Sa Licenses Needed: business, health
Cash Flow is a net income projection based on trailing 12 months sales and expenses as stated on Seller's P&Ls. Adjustments are made to reflect brand norms for the region and/or expected
increases/decreases in costs. Analysis is for proforma purposes only, Buyer should complete his own due diligence review. Ask your agent for summary of adjustments.
Owner Since:
As a part of the due diligence process you are encouraged to contact other franchisees with questions about the brand, but remember you are bound by a confidentiality
agreement and cannot share the location or any details about the business you are considering buying. Please direct any questions you might have for the Seller to your
FranBizNetwork agent. Feel free to visit the location(s) as a customer, but be discreet and do not ask questions of employees, managers, or other customers. Please do
not draw unneccessary attention to yourself, as rumors of a pending sale can hurt the business.
Green River location is well-located next to a motel and across the street from a shopping mall. Sales down in 2014 due to new competition opening up, but have now
stabilized. Nearby competition includes Jason's Deli, MCAllister's, Taco Bell and Arby's.
Franchise Agreement Expiration:
Firehouse Subs is a fast casual restaurant chain based in Jasksonville, FL, founded by former firefighters Chris and Robin Sorensen nearly 20 years ago. They curently have
over 800 locations in 42 states. Sufficient business experience and financial resources required.
CONFIDENTIAL Executive Summary
Trailing 12 Months Ending 6/30/2015
Business Established:
Remember you have agreed to keep all FranBizNetwork listings confidential.
Lease Information:Monthly Base Rent:
Purchase Price:
Total Annual Sales*:
None at this time.
Firehouse Subs #622
Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec TOTAL
2012 $38,252 $77,228 $88,521 $61,254 $62,240 $69,276 $59,351 $56,959 $69,438 $59,717 $64,988 $91,805 $799,029
2013 $65,623 $67,935 $84,941 $69,138 $64,303 $80,634 $63,563 $64,185 $73,423 $56,248 $59,750 $62,674 $812,417
$ +/- $27,371 ($9,293) ($3,580) $7,884 $2,063 $11,358 $4,212 $7,226 $3,985 ($3,469) ($5,238) ($29,131) $13,388
% +/- 72% -12% -4% 13% 3% 16% 7% 13% 6% -6% -8% -32% 2%
2013 $65,623 $67,935 $84,941 $69,138 $64,303 $80,634 $63,563 $64,185 $73,423 $56,248 $59,750 $62,674 $812,417
2014 $49,129 $53,195 $70,769 $54,407 $56,015 $60,964 $50,293 $50,180 $60,459 $47,939 $53,547 $60,186 $667,083
$ +/- ($16,494) ($14,740) ($14,172) ($14,731) ($8,288) ($19,670) ($13,270) ($14,005) ($12,964) ($8,309) ($6,203) ($2,488) ($145,334)
% +/- -25% -22% -17% -21% -13% -24% -21% -22% -18% -15% -10% -4% -18%
2014 $49,129 $53,195 $70,769 $54,407 $56,015 $60,964 $50,293 $50,180 $60,459 $47,939 $53,547 $60,186 $667,083
2015 $51,465 $53,662 $74,070 $57,576 $70,315 $53,941 $0 $0 $0 $0 $0 $0 $361,029
$ +/- $2,336 $467 $3,301 $3,169 $14,300 ($7,023) $16,550
% +/- 5% 1% 5% 6% 26% -12% 5%
MONTHLY SALES
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012
2013
2014
2015
SALES 683,633$
COGS: 247,475$ 36.2%
Crew Labor: 116,218$ 17.0%
GM: 24,000$ 3.5%
Other Store Level Mgmt: -$ 0.0%
Workers Comp*: 2,804$ 2.0%
Payroll Taxes*: 15,424$ 11.0%
R&M: 8,545$ 1.3%
Non-Ingredient: 8,887$ 1.3%
Utilities: 21,500$ 3.1%
Rent: 48,000$ 7.0%
CAM: 13,128$ 1.9%
Property Tax: 2,500$ 0.4%
Personal Property Tax: 500$ 0.1%
Local Advertising: 27,345$ 4.0%
Nat'l Advertising: 6,836$ 1.0%
Royalty: 41,018$ 6.0%
Equipment Lease: 3,576$ 0.5%
Insurance: 1,100$ 0.2%
Bank Charges: 600$ 0.1%
Credit Card Fees: 10,938$ 1.6%
Professional Services: 4,000$ 0.6%
Outside Services: -$ 0.0%
Laundry/Uniforms: 1,150$ 0.2%
Pest Control: -$ 0.0%
Security: 450$ 0.1%
Music: 300$ 0.0%
Permits & Licenses: 100$ 0.0%
Cash Over/Short: 684$ 0.1%
Non-recurring expenses: -$ 0.0%
Personal Expenses: -$ 0.0%
Mgmt Fee/Owner Draw: -$ 0.0%
Employee Benefits: 2,000$ 0.3%Other G&A: 1,000$ 0.1%
Total Expenses: 610,079$ 89.2%
Other Income: 1,048$ 0.2%
Store Level Net Profit: 74,602$ 10.9%
*Workers Comp and Payroll Taxes shown as a % of Total Labor.
Executive Summary materials and Proforma were derived from documents
provided by Seller and were prepared by FranBizNetwork to help
prospective Buyers complete a summary review. These materials should
not replace the Buyer's review of actual books and records and a thorough
due diligence process. Buyers should not rely on these materials as
definitive, but should instead consult the actual due diligence documents.
Firehouse Subs #622PROFORMA
Trailing 12 Months Ending 6/30/2015
$429,000 for package Firehouse Subs #963
$446,849 222 South Red Bank Rd.
Inventory: $5,000 Evansville, IN 47712
Managed Cash Flow**: $53,273
*
**
Franchise Information:
11/1/2023 with 5 yr option Transfer Fee: $10,000 Training Location: Indianapolis
Royalty: 6.0% Advertising: 4.0% Training Period: 4-6 weeks
Remodel Requirements:
$2,000 Options: 1x5 yr Security Deposit: None
Percentage Rent: 8% above $800K CAM: $698 Real Property Available: None
Expiration: 11/1/2023 Monthly Property Tax: Included Increases: every 3 years
Location Details:11/1/2013 Building Type: Inline Building Size: 1600 SF
11/1/2013 Seating: 80 Employees: 1 F/T, 6 P/T
Hours of Operation: 10:30a-9p Su-Th, 10:30a-10p Fr-Sat Licenses Needed: Business, health
Owner Since:
This new Firehouse Subs is located in a retail plaza across the street from Home Depot and Wal-Mart.
Nearby competition includes Sonic Drive-In, Subway, and Dairy Queen.
Remember you have agreed to keep all FranBizNetwork listings confidential.
As a part of the due diligence process you are encouraged to contact other franchisees with questions about the brand, but remember you are bound by a confidentiality
agreement and cannot share the location or any details about the business you are considering buying. Please direct any questions you might have for the Seller to your
FranBizNetwork agent. Feel free to visit the location(s) as a customer, but be discreet and do not ask questions of employees, managers, or other customers. Please do not draw
unneccessary attention to yourself, as rumors of a pending sale can hurt the business.
Firehouse Subs is a fast casual restaurant chain based in Jasksonville, FL, founded by former firefighters Chris and Robin Sorensen nearly 20 years ago. They curently have over
800 locations in 42 states. Sufficient business experience and financial resources required.
Franchise Agreement Expiration:
None at this time.
Lease Information:Monthly Base Rent:
Business Established:
CONFIDENTIAL Executive Summary
Purchase Price:
Total Annual Sales*:
Trailing 12 Months Ending 6/30/2015
Cash Flow is a net income projection based on trailing 12 months sales and expenses as stated on Seller's P&Ls. Adjustments are made to reflect brand norms for the region and/or expected
increases/decreases in costs. Analysis is for proforma purposes only, Buyer should complete his own due diligence review. Ask your agent for summary of adjustments.
Firehouse Subs #963
Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec TOTAL
2012 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2013 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $24,274 $48,990 $73,264
$ +/- $24,274 $48,990 $73,264
% +/- #DIV/0!
2013 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $24,274 $48,990 $73,264
2014 $34,778 $35,641 $44,905 $37,278 $39,203 $44,682 $34,679 $35,698 $42,349 $32,599 $34,221 $39,076 $455,109
$ +/- $34,778 $35,641 $44,905 $37,278 $39,203 $44,682 $34,679 $35,698 $42,349 $32,599 $9,947 ($9,914) $381,845
% +/- 41% -20% 521%
2014 $34,778 $35,641 $44,905 $37,278 $39,203 $44,682 $34,679 $35,698 $42,349 $32,599 $34,221 $39,076 $455,109
2015 $33,242 $31,895 $44,674 $37,406 $47,611 $33,399 $0 $0 $0 $0 $0 $0 $228,227
$ +/- ($1,536) ($3,746) ($231) $128 $8,408 ($11,283) ($8,260)
% +/- -4% -11% -1% 0% 21% -25% -3%
MONTHLY SALES
-
10,000
20,000
30,000
40,000
50,000
60,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012
2013
2014
2015
SALES 446,849$
COGS: 160,866$ 36.0%
Crew Labor: 67,027$ 15.0%
GM: 22,000$ 4.9%
Other Store Level Mgmt: -$ 0.0%
Workers Comp*: 1,781$ 2.0%
Payroll Taxes*: 9,793$ 11.0%
R&M: 6,703$ 1.5%
Non-Ingredient: 6,703$ 1.5%
Utilities: 16,400$ 3.7%
Rent: 24,000$ 5.4%
CAM: 8,376$ 1.9%
Property Tax: -$ 0.0%
Personal Property Tax: 500$ 0.1%
Local Advertising: 17,874$ 4.0%
Nat'l Advertising: 4,468$ 1.0%
Royalty: 26,811$ 6.0%
Equipment Lease: 2,955$ 0.7%
Insurance: 860$ 0.2%
Bank Charges: 600$ 0.1%
Credit Card Fees: 6,613$ 1.5%
Professional Services: 4,000$ 0.9%
Outside Services: -$ 0.0%
Laundry/Uniforms: 950$ 0.2%
Pest Control: -$ 0.0%
Security: 420$ 0.1%
Music: -$ 0.0%
Permits & Licenses: -$ 0.0%
Cash Over/Short: 447$ 0.1%
Non-recurring expenses: -$ 0.0%
Personal Expenses: -$ 0.0%
Mgmt Fee/Owner Draw: -$ 0.0%
Employee Benefits: 2,000$ 0.4%Other G&A: 2,000$ 0.4%
Total Expenses: 394,147$ 88.2%
Other Income: 571$ 0.1%
Store Level Net Profit: 53,273$ 11.9%
*Workers Comp and Payroll Taxes shown as a % of Total Labor.
Executive Summary materials and Proforma were derived from documents
provided by Seller and were prepared by FranBizNetwork to help
prospective Buyers complete a summary review. These materials should
not replace the Buyer's review of actual books and records and a thorough
due diligence process. Buyers should not rely on these materials as
definitive, but should instead consult the actual due diligence documents.
Firehouse Subs #963PROFORMA
Trailing 12 Months Ending 6/30/2015