Iconic Family Run Sandwich Shop Seeks New Family t

Not Disclosed, FL
Miami Dade County


Asking Price: Annual Revenue:
$630,000 $648,146

Food & Beverage: Grocery & Food Stores


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RE: Iconic Family Run Sandwich Shop Seeks New Family t Broker: FERNANDO MELLO

Quick Facts

Asking Price: $630,000
Annual Revenue: $648,146
Net Profit: Not Disclosed
Cash Flow: $267,054
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1977
Employees: 1
BBN Listing #: 7523630
Broker Reference #: 0101770280

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Business Overview:

Truly a South Florida institution, established many, many years ago this family-operated business serves up some of the best hot and cold sandwiches around, to which generations of families have enjoyed and made the almighty pilgrimage to consume. The complete asset package includes a grill with a six’ 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 9 AM to 5 PM five days a week. The property owner is offering a new 5-year lease with options to qualified prospects. This operation has been growing by about 15% year after year, even within the Covid-19 event, in fact, 2021 gross revenue is about $700,000. The seller is seeking retirement and as such we are seeking a new friend, and qualified family to take over the operation. This opportunity should qualify for Visa immigration needs and possibly an SBA structured transaction. Please refer to listing number 0101772280, business broker Fernando Mello when inquiring about this listing.

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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