Business For Sale

First Resale Ever - Nardelli's Grinder Shoppe

Not Disclosed, CT
Hartford County

Hartford County, CT

Asking Price: Annual Revenue:
$375,000 $959,971

Food & Beverage: Restaurants, Fast Food, Deli

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RE: First Resale Ever - Nardelli's Grinder Shoppe Broker: Frank Balzer

Quick Facts

Asking Price: $375,000
Annual Revenue: $959,971
Net Profit: $64,704
Cash Flow: $64,704
Total Debt: Not Disclosed
FF&E: $180,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 12
BBN Listing #: 167256608
Broker Reference #: Not Disclosed

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Business Overview:

FIRST FRANCHISE RESALE EVER – World Famous Nardelli’s Grinder Shoppe

Sales in 3 1/2 years that it has been open: $3,342,666.39. Waiting on full year 2018 P&L but sales were $887,272.99

A very personal issue forces the sale of this Hartford County individually owned franchise. Nardelli's is deemed by many in Connecticut the gold standard for sandwich shops: Voted #1 grinder shoppe in Connecticut for 12 consecutive years. Nardelli’s features grinders, sandwiches, salads, soups & desserts.

The time proven family recipes that feature healthy food-on-the go have been sought out by generations of Connecticut consumers. If you live in New Haven Hartford County, or Litchfield County you probably have eaten this great food.

Please visit the chain website for the menu – the food ordering options – the great customer experience.

This particular franchised store has been in business for about 3 1/2 years. Located in a major metro location close to an employer with 30,000 employees. The store does a great walk-in business, drive thru and customers also place orders online. The store has a good size growing catering business. Delivery is available with a store owned van.

This store cost about $200,000 to build-out; this includes the actual physical build out of the store, the franchise fees, and the fixtures and equipment. Today this franchised store is being offered for $400,000.00.The store is very profitable.

If this “ad” caught your attention email or call us so we can start a conversation.

Buyer will requires franchise approval by the “Nardelli’s” family. Purchase price does not include delivery van which will be sold separately to buyer at present loan balance on vehicle.

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Property Features and Assets:

Purchase price will include store build out improvements and all fixtures and equipment. A new delivery van will be sold to buyer at outstanding loan amount. Store build out cost estimated at $200,000

Market Competition and Expansion:

Great opportunity to increase walk in sales, online ordering and catering. Two great revenue streams.

Reason for Selling:

Personal Issue

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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