Profitable Food Franchise With Longstanding Community History For Sale

Description

Sandwich franchise for sale approximately 15 minutes from the Quad Cities area.

The business was established in 2004 and has been under the current ownership for nearly 25 years.

Gross revenue is approximately $268,354, with reported Seller’s Discretionary Earnings of $111,278.

Reported add-backs

• Owner salary
• Cell phone expense
• Monthly food allowance
• Bookkeeping compensation paid to the owner

2025 budgeted expenses

• Rent: $18,000 annually, or approximately $1,500 per month
• Common area expenses: $3,072
• Insurance: $2,952
• Office expenses: $912
• Supplies: $948
• Uniforms: $768
• Wages: $107,712
• Employee incentives: $900
• Food costs: $138,804

Franchise fees

• Royalty: 8% of gross revenue
• Advertising contribution: 4.5%
• Average annual advertising rebates: approximately $3,460

The restaurant is located along the Highway 61 Bypass. The seller reports no direct food competition along approximately 17 miles of the route toward Muscatine.

The location also has grandfathered rights to operate an ice cream offering that the seller describes as unique within the immediate market.

Ice cream operation

• 8-tub ice cream freezer
• Specialty shakes
• Novelty desserts

The restaurant is located across from a drive-in movie theatre and also receives traffic connected to nearby industry and local events.

Catering is already part of the current operation.

The location was fully remodeled in 2024 and received updated equipment.

Staff

• 1 manager
• 1 assistant manager
• 9 full-time and part-time employees

The business is currently operated on an absentee basis.

A more active owner could reduce some management expense, expand catering, increase marketing toward the Quad Cities area and develop additional local partnerships.

Continued operation under the franchise brand and any grandfathered ice cream rights are subject to franchisor approval and applicable transfer requirements.