Cambridge~~~hot~~harvard Sq.-Inman Sq~~famous Sandwich Shop
Business Description
SELLING PRICE: $599K Accurate financial records ensure SBA financing with
only $100K dn.
SALES VOLUME: $45K/wk ($2.3M/yr.)
LEASE: $7K/mo. (includes NNN) YRS. LEFT: 5 yrs…great landlord will
write more time.
SQUARE FOOTAGE: 1,100 sf.
SEATING: 31 seats
HOURS OF OPERATION: 7 days, varies slightly 11AM – 9 PM
VERIFIABLE ANNUAL NET INCOME: $263,000/yr. (15% of sales)
COMMENTS: This is an UNBELIEVABLE opportunity for a hands-on seasoned operator. Present owner is ABSENTEE. Besides a strong pick-up business, the DoorDash deliveries are about 30% of sales, and a quickly growing catering business with all the local colleges.
Winner of the coveted BEST SANDWICHES IN CAMBRIDGE award. Seasoned staff will stay after sale. Your $100,000 down payment will be back in your pocket in the first year. YOU NEED TO SEE THE FOOT TRAFFIC FLOWING BY THEIR DOOR.
This established sandwich shop represents a premier dining destination in the Cambridge market, strategically positioned between Harvard Square, Inman Square, and Central Square. The business has achieved recognition as the winner of Cambridge's Best Sandwiches award, establishing strong brand equity and market positioning. Established catering contracts with several major colleges in the area...HARVARD UNIVERSITY, BOSTON UNIVERSITY, AND NORTHEASTERN.
Financial Performance:
The operation generates annual sales of approximately $1.82 million with verified net income of $263,000, representing a 15% profit margin. Weekly sales volume averages $35,000, demonstrating consistent revenue performance. The business maintains accurate financial records that support SBA financing qualification.
Operational Overview:
The 1,100 square foot facility accommodates 31 seats and operates seven days per week from 11 AM to 9 PM. The business benefits from multiple revenue streams including strong walk-in traffic, delivery services through DoorDash representing 30% of sales, and an expanding catering division serving local colleges.
Location and Lease Terms:
The prime location benefits from high pedestrian traffic flow between three major Cambridge squares. The current lease terms include $7,000 monthly rent (including NNN charges) with five years remaining and landlord willingness to extend the term.
Staffing and Operations:
The business operates with experienced staff who have committed to remaining post-transaction. Current ownership operates in an absentee capacity, indicating strong operational systems and management structure.
Investment Details:
Asking price of $599,000 with SBA financing available requiring approximately $100,000 down payment. The established financial performance and documentation support traditional lending qualification for qualified buyers.
This opportunity suits experienced food service operators seeking an established, profitable business with strong market recognition and multiple growth channels.
only $100K dn.
SALES VOLUME: $45K/wk ($2.3M/yr.)
LEASE: $7K/mo. (includes NNN) YRS. LEFT: 5 yrs…great landlord will
write more time.
SQUARE FOOTAGE: 1,100 sf.
SEATING: 31 seats
HOURS OF OPERATION: 7 days, varies slightly 11AM – 9 PM
VERIFIABLE ANNUAL NET INCOME: $263,000/yr. (15% of sales)
COMMENTS: This is an UNBELIEVABLE opportunity for a hands-on seasoned operator. Present owner is ABSENTEE. Besides a strong pick-up business, the DoorDash deliveries are about 30% of sales, and a quickly growing catering business with all the local colleges.
Winner of the coveted BEST SANDWICHES IN CAMBRIDGE award. Seasoned staff will stay after sale. Your $100,000 down payment will be back in your pocket in the first year. YOU NEED TO SEE THE FOOT TRAFFIC FLOWING BY THEIR DOOR.
This established sandwich shop represents a premier dining destination in the Cambridge market, strategically positioned between Harvard Square, Inman Square, and Central Square. The business has achieved recognition as the winner of Cambridge's Best Sandwiches award, establishing strong brand equity and market positioning. Established catering contracts with several major colleges in the area...HARVARD UNIVERSITY, BOSTON UNIVERSITY, AND NORTHEASTERN.
Financial Performance:
The operation generates annual sales of approximately $1.82 million with verified net income of $263,000, representing a 15% profit margin. Weekly sales volume averages $35,000, demonstrating consistent revenue performance. The business maintains accurate financial records that support SBA financing qualification.
Operational Overview:
The 1,100 square foot facility accommodates 31 seats and operates seven days per week from 11 AM to 9 PM. The business benefits from multiple revenue streams including strong walk-in traffic, delivery services through DoorDash representing 30% of sales, and an expanding catering division serving local colleges.
Location and Lease Terms:
The prime location benefits from high pedestrian traffic flow between three major Cambridge squares. The current lease terms include $7,000 monthly rent (including NNN charges) with five years remaining and landlord willingness to extend the term.
Staffing and Operations:
The business operates with experienced staff who have committed to remaining post-transaction. Current ownership operates in an absentee capacity, indicating strong operational systems and management structure.
Investment Details:
Asking price of $599,000 with SBA financing available requiring approximately $100,000 down payment. The established financial performance and documentation support traditional lending qualification for qualified buyers.
This opportunity suits experienced food service operators seeking an established, profitable business with strong market recognition and multiple growth channels.
About the Business
- Employees
- 11 (5 Full-time, 6 Part-time)
EXPERIENCED Staff will stay in place - Currently Relocatable
- Yes
- Facilities & Assets
- Very well-maintained facility in both the front and back of house. Brand new large hood system. Dry basement with walk in cooler and room for storage.
- Market Outlook / Competition
- Plenty of foot traffic that can support just about any competition.
THIS BUSINESS HAS EARNED THE MANY ACCOLADES ACQUIRED THROUGH THE YEARS. - Opportunities for Growth
- If $263,000 per year is not enough, 'open' hours could be expanded.
About the Sale
- Seller Motivation
- Owner has SEVERAL other businesses that need an infusion of cash..
- Transition Support
- As needed
- Financing Options
- SBA Financing Available
Listing Info
- ID
- 2481253
- Listing Views
- 209
Attached DocumentsAttachment Disclaimer
Listing ID: 2481253 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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