Seller's Contact Information
- RE: Iconic Family Run Sandwich Shop Seeks New Family T
- Contact: Thomas Milana
Quick Facts
Asking Price: | $630,000 | |
Annual Revenue: | $671,844 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $219,465 | |
Total Debt: | Not Disclosed | |
FF&E: | 75,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1977 | |
Employees: | 1 | |
BBN Listing #: | 7523630 | |
Broker Reference #: | 0101770280 |
Business Overview:
10% cash down buys you a Miami institution with an adjusted net profit of over $200,000. For the last 45 years, this well-known Miami Sub Shop has served up some of the best hot and cold sandwiches around, which generations of families have enjoyed and even made the almighty pilgrimage to consume. The complete asset package includes a grill with hood system, two freezers, and ample kitchen prep and storage space. The location has good ingress and parking although this business tends to get extremely busy from 8AM to 3PM five days a week. The property owner is offering a new 5-year lease with options to qualified prospects. Due to excellent books and records this family operation has been prequalified for SBA lender financing in conjunction with the seller holding a short-term note. All prospects should have some like kind experience and good credit as per lender and seller requirements. This Florida based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and lower-middle-market business owners and buyers with transaction expertise. Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! Get added to our buyer list today to receive notifications as businesses with your criteria hit the market! For more information on this business for sale contact listing agent Thomas Milana - (561) 702-6867. Please refer to listing #0101770280.
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Property Features and Assets:
Lease/Month: $2,782; Square Footage: 850; Building Type: Strip Center; Terms & Options: LL offering new 5-year; Expiration Date: 5/31/2022.
Market Competition and Expansion:
Non Compete: Miles: 25 Years: 5
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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