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Business continues to thrive during these difficult times.
Popular and profitable franchise submarine sandwich shop located in a busy commercial center. Brand is strong and franchise offers training, marketing and operational support to franchisees. Seller enjoyed over 10 years of successful operations and is retiring. Shop is within walking distance of one of the largest parks in the city a designated transit hub and the future site of a nearly 200-unit mixed income community housing project. This is a great opportunity for a buyer wishing to enter the food industry or a successful operator looking to add another unit.
-Shop is 1,180 square feet (approx.) with inside seating for 25 (approx.)
-Current monthly rent is $ 2,362 (approx.) + 1052.96 (approx.) in CAM. Current term expires November 2023. With one 5-year option.
-Equipment includes 1 Super Systems double deck convection oven; Bizerba slicer; Star Pro-Mas panini press; True 3-door refrigerator; True 2-door freezer; Bunn airpot coffee maker; Manitowok ice machine; hand sink; three compartment sink with spray nozzle; prep sink; mop sink and more
-Established in 1988, the current owner since 2008. The shop is open 7 days a week: Monday-Sunday 8:30am-7:00pm and Sunday 9:00am-5:00pm
- Owner works fulltime and owner’s spouse works 24 hours/week (approx.) with 2 part-time employees
-Inventory of approximately $5,000 (approx.) in food and dry goods are not included in the purchase price and are available for buyer to purchase at wholesale cost
-Premise underwent a full remodeled in 2016 which will remain current through 2026
-Franchise transfer fee of $10K grants buyer 4 weeks of training plus 2 weeks of training for an employee. Franchisor charges 5.5% royalty fees, 3% local advertising and 1% national advertising
Price Includes: Furniture, fixtures and equipment, leasehold interest, leasehold improvements, and goodwill. Some personal items may be excluded from the sale. Inventory is not included in the sale and is available for Buyer to purchase at wholesale cost
Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers with regard to this information.
Owner is retiring
The shop is open 7 days a week: Monday-Sunday 8:30am-7:00pm and Sunday 9:00am-5:00pm
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