Asking Price: $225,000 Gross Revenue: $449,314Cash Flow: $5,269 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $11,000 included in asking priceFF&E: $175,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This is a fantastic opportunity to get into a highly rated Franchised Gourmet Sub, Sandwich and Soup shop. The business is ideally suited for an owner operator. The restaurant was opened in October of 2016 but the owner does not have the time to devote to the business so he is looking for someone to take over the reins and take it to the next level. This highly rated franchise restaurant provides a proven menu, management system and suppliers of brand name products that allows for maximum Cash Flow. This business also enjoys good lease terms with rent cost being reduced this year by $600.00 per month. This unique opportunity is offered at $225K and is priced at almost half the cost of build-out plus FF&E plus the organizational expenses that the owner incurred just two years ago. The current owner believes the Sandwich Shop could generate a gross of about $750,000 plus by year three. Revenues for 2017, the first full year in operation, were $550K. The restaurant offers a variety of delicious hearty unique gourmet sub sandwiches made with premium meats and cheeses prepared hot then piled high on a toasted sub roll served with fresh vegetables and condiments. The restaurant is a family-oriented dining atmosphere and is located in a prime retail space in a beautiful shopping center with many nearby large retailers and has ample parking. The interior design is modern and in almost new condition. The kitchen is fully loaded and spacious featuring both a walk in freezer and refrigerator. This sandwich shop has a comfortable cafe atmosphere on a major street with high traffic counts, and a consistent customer flow to match. The owner is very motivated. Don’t let this one pass you by.
About the Business
Number of Employees:
4 FT/6 PT
Building Sq. Ft.:
The Sandwich Shop is located in a 1500 Square foot leased location strip center in a prime location. The seating capacity for the restaurant is 45 plus with plenty of available parking. The current lease is good through 2021 with options to renew for the current owner. The current rent is $5075.00 per month and is dropping to $4425.00 per month later in 2018.
There are many restaurants and eatery's located in this high traffic upscale area as one might expect, however none that does it the way this Sub Shop does. Hearty, Unique, Gourmet Sandwiches, Subs, Salads fresh every day.
Growth & Expansion:
The potential for growth for the Gourmet Sub Shop is tremendous. The owner has not been able to provide the necessary to the business as he would have liked. A new energetic owner can come in and make an immediate difference and would be the best way to reach maximum profits. The Sandwich Shop is a fast food casual restaurant chain with over one-hundred locations in some dozen-and-a-half states across the country with many more on the way.
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