Presented byMaureen McLarin |
Wonderful opportunity to purchase a turn key business! This Subway location at 78 Bank Street is located right off of Route 8, offering built in traffic. Rent is currently only $1, 538/month with $400 additional for common charges. With another 10 years on the current lease, this location is a homerun! This location just underwent an $86, 000 renovation! Brand new dining room, Bainmarie, and more! This is a great, visible location. Offering a well established customer base, one can walk right in and start enjoying owning their own franchise, or we can do an asset only sale and you can put in your own deli or quick service restaurant. If you were looking to be your own boss, this is the place for you. Current owner works this location only 40 hours a week, but you can truly tailor your schedule to suit your needs and desired income. Call with any questions regarding financials or further interest. Financials are available upon request. Must apply to Subway to become a franchise owner. Asset only sale is also possible. Call to inquire.
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$180,000
Sales Associate
William Raveis Real Estate
Phone: 203.923.7848
Maureen.McLarin@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 424.356.4321
Nico.Sharp@raveis.com
NMLS Mortgage Loan Originator ID 337556
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $144,000 | $144,000 | $144,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $982 | $957 | $1,235 |
Total Monthly Payment | $1,057 | $1,032 | $1,310 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.