REDUCED $20K for quick sale: Sandwich and Ice Cream Shop

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Price lowered $20,000 to help Buyer with new grill/hood
Asking Price:
$49,500

Gross Revenue:
$259,000
Cash Flow:
$54,750
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
included in asking price

FF&E:
$12,500
included in asking price

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Business Description

2018 and 1st Qtr 2019 revenue up again. Reduced $20,000 to facilitate buyer's improvements to take this successful Mom and Pop to the next level with a new Hood/gas grill addition. With new hood/grill, COGs can be driven down and significant'y improve net profit. Only 15 minutes southwest of downtown, with a captive customer base outside a growing community, this sandwich and ice cream shop continues to increase revenues. New equipment and higher COG in 2018 lowered Net a bit, but potential to improve is easy to imagine. Owner has increased sales every year and continues to get great reviews on Yelp. Super opportunity for new energy adding profit quickly. Located near the entrance of a retirement community, the shop has a dedicated following. Husband and wife team, with a little help during the busy winter are open for lunch, early dinners and ice cream during the day. Twelve tables, well-kept and maintained kitchen and a "Fifties" motif dining room that the locals return to often. A new owner could increase sales as easily as adding additional menu items or by adding Sunday, or, by adding breakfast all week. Landlord has approved a month-to-month lease after June first until new buyer takes over.

About the Business

Year Established:
2005
Number of Employees:
1PT, 1FT winter
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,560
Rent:
$1,575.00 Per Month
Lease Expiration:
5/31/2019
Facilities:
Inventory, Equipment and furniture all included in the sales price. 1560 sq ft restaurant with 12 tables inside. Ice cream service. Kitchen set up for soups and sandwiches.
Market Outlook/
Competition:
Several other food establishments in the local area, but they have a loyal clientele in nearby retirement community. Very busy in the winter months and slows down for the summer to give owners a break. "Fifties" motif is appealing to the locals
Growth & Expansion:
Reduced price should allow new buyer to add Hood/Gas Grill to cut COG and add breakfast and popular lunch/dinner items. Can also expand in other ways to generate new revenue and customer base, e.g., Sundays. Customers also keep begging them to open for breakfast and stay open for later dinner.
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About the Sale

Reason For Selling:
Health and Retirement
Training/Support:
Will support and train the new buyers in the simple menu and provide vendor and supplier information.

Listing Info

ID:
1561158
Ad Detail Views:
323

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$
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Business Listed by

Bill Swan

Tucson Business Investments
License# SA681588000

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Sponsoring Broker:

Jon Barger, CBB, SBA
Tucson Business Investments
License# BR103060000

U.S. Census Data for Pima and Pinal Counties, AZ
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Pima and Pinal Counties, AZ
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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