This business is part of a very successful food franchise that offers authentic Philadelphia steak sandwiches and hoagies as its main menu items. This location was established in 1992 and has been under the same ownership since that time. Currently, the business is operated on a daily basis by a full time manager and six part time employees. A steady repeat customer base has helped the business maintain consistent sales over many years since opening.
The menu features a variety of cheesesteak and chicken sandwiches, authentic Philadelphia hoagies, burgers, neighborhood salads, popular sides, and an assortment of beverages. This location has an ABC Type 41 beer and wine license that is transferrable to qualified buyers. What distinguishes this franchise from other sandwich shops is the fact that a portion of the products sold here and used to prepare their main menu items are shipped directly from Philadelphia, such as Amoroso roles, Hank’s Sodas, Pennsylvania Dutch Birch Beer, Herr’s Potato Chips, and TastyKake products.
The premise lease at this location is extremely favorable, with total monthly rent of $6,514. There is indoor seating for customers with additional seating outside under a covered patio area. The equipment has been well maintained and is included in the purchase price. The business has been remodeled up to the current franchise standards and no additional upgrades are required. Local training is offered by the franchise prior to the close of escrow, with full on-going support after.
The business is staffed with fully trained employees. Adjusted cash flow shown is based on a working owner reducing a portion of the employee wage expense.