Well Established Sandwich Shop in Excellent location
Business Description
This well established sandwichery is being offered turnkey to the right buyer's who have the vision to expand the hours and take on an extremely high traffic location. This restaurant has unlimited growth and potential given it's unique location and layout. Current owner HAD well established staff for over 15 years but has recently lost 90 percent of that staff requiring their day to day involvement. New owners should expect to contribute no less than 35-40 hours per week based off current hours. In addition, catering option can be aded to further expand the companies sales and would allow for no less than an additional $75-100k in annual sales.
About the Business
- Years in Operation
- 20
- Employees
- 4
- Facilities & Assets
- Property is located in a well kept building that is about 20 years old with about 20 parking spaces and additional overflow parking within walking distance. Interior has been updated within last 5 years but will need some additional updating and cosmetic fixes. 2 brand new HVAC units have been installed within the last year. Oven, slicer, and 3 refrigeration units are less than 3 years old. POS system is owner outright with three terminals in use. Outdoor space can accomodate up to 25 people if necessary.
- Market Outlook / Competition
- There are currently 3 other similar types of businesses within the immediate area but none of them really affect the sales of the other.
- Opportunities for Growth
- This location and building has an immense amount of potential and has about 25-35,000 AADT putting it in an incredibly visible area. New owner's should expect to invest no less than $50,000 into revamping interior but can expect to see Gross sales of $500-600k in the first year with a the majority of those sales originating within the 11-1:30pm timeframe. Additional revenues of $1,000-2,000 per day could be generated by extending hours forward or backward to capture breakfast and dinner crowds OR by adding alcohol to the menu.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,500
- Rent
- $4,000.00 per month
- Lease Expiration
- 2/28/2030
About the Sale
- Seller Motivation
- Owner is retiring
- Transition Support
- Owner will offer up to one year additional support if needed.
Listing Info
- ID
- 2367726
- Listing Views
- 1351
Attached DocumentsAttachment Disclaimer
Listing ID: 2367726 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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