Profitable Sub Shop for Sale in Fort Lauderdale

Fort Lauderdale, FL
Broward County


Asking Price: Annual Revenue:
$175,000 $444,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Sub Shop for Sale in Fort Lauderdale Broker: Ken Eisenband
License #: BK3249847

Quick Facts

Asking Price: $175,000
Annual Revenue: $444,000
Net Profit: Not Disclosed
Cash Flow: $73,463
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1974
Employees: 8
BBN Listing #: 28718096
Broker Reference #: 6927

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Business Overview:

Sub Shop for Sale in Downtown Fort Lauderdale with loyal customer base is profitable and looking for new owner!

This sub shop for sale has 48 years of history and an extremely loyal customer base. The current owners purchased this business in 2019 and have realized that absentee ownership of a sub shop is not an ideal situation for them. Since purchasing the business average monthly sales have been $37,000. Pro-forma sales for 2019 are $444,000. The absentee owners will pocket more than $50,000 in earning, but a hands-on owner could better control expenses and reduce labor. An owner/operator could easily pocket more than $75,000 annually. Utilize third party delivery services to increase sales even more. Books and records are perfect. Income can be verified by tax receipts and payroll is on the books.

Listed by We Sell Restaurants, this 1,420 square foot sub shop for sale in Fort Lauderdale, Florida and take advantage of very low rent at just $3,691 per month, which is less than 10% of gross sales. The rental rate includes all CAMS, taxes, and two parking spaces. The sub shop for sale seats 20 people inside and more than 20 guests can dine outside. Ample public parking is available, but the majority of customers are just walking distance from this sandwich, salad, and sub shop for sale located in a food court setting in the middle of downtown Fort Lauderdale. The current lease expires in January 2022 and there are three five year options attached.

If you are looking to be in the restaurant business and still enjoy the great quality of life that South Florida affords you, look no further. This sub shop for sale offered by the restaurant brokers caters to the thousands of people who work in downtown Ft. Lauderdale. The hours of operation are Monday thru Friday 7 am – 3 pm and Saturday 9 am – 3 pm. That’s right, the cafe for sale is closed every evening, Sunday and all major Holidays. You can open for more hours if you want and gain additional sales and income; that’s your choice.

This is a very simple operation to run. The menu features hot and cold subs, overstuffed deli sandwiches, salads, soups, hamburgers and hot dogs. The breakfast menu features egg dishes, sandwiches and breakfast burritos. The menu and all recipes will transfer with the sale and the owner will provide two weeks of training to insure a smooth transition of ownership.

The equipment package for the downtown sub shop is complete. The exhaust hood is five feet in length, the kitchen equipment is powered by natural gas, and the refrigeration is commercial grade. The front of house seats 20 guests very comfortably in a combination of picnic tables and chairs. The patio area is a shared space with other restaurants, but directly in front of your space are five tables with 20 seats. The food court area is connected to a parking garage that is very popular for the downtown employees. Your rent includes two parking spaces. Planned construction in the immediate vicinity includes a movie theater, bowling alley, and retail shops.

Downtown Ft. Lauderdale has thousands of office workers. These business people park their cars for the day or take public transportation. They do not want to travel for lunch. This sub shop for sale in the heart of downtown is positioned to take advantage of this customer base. The setting that it is located in has been successful for twenty years and will be a mainstay in the community to many years to come.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

4 Tables 1 Picnic TableBench seats eight 8 Chairs 2 Tables Bench seats 4 Two Door Beverage Cooler 3 Prep Tables 2 Clover leased 3 Door Sandwich Cooler 1 Door Sandwich Cooler Utility Cart 5 Foot Exhaust Hood Refrigerator SS Shelving 2 Table Top Steamer Walk In Cooler Slicer Three Compartment Sink Ice Machine leased 1 Eye Burner Electric

Market Competition and Expansion:

Planned building of Movie Theater, bowling alley and retail shopping area directly in front of restaurant. Walking distance to thousands of employees and secondary education center.

Reason for Selling:

Other

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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