Business For Sale

ABSENTEE - Sub Shop Franchise with ABC 41

Oceanside, CA
San Diego County

Asking Price: Annual Revenue:
$87,500 $359,566

Food & Beverage: Restaurants, Fast Food, Deli

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RE: ABSENTEE - Sub Shop Franchise with ABC 41 Broker: Linnea Westlake

Quick Facts

Asking Price: $87,500
Annual Revenue: $359,566
Net Profit: Not Disclosed
Cash Flow: $75,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1997
Employees: 7
BBN Listing #: 19633008
Broker Reference #: 2401-91313

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Business Overview:

Not your average Submarine Sandwich Franchise in Carlsbad/Oceanside area priced for quick sale. ABC Type 41 (Beer and Wine).

2017 Gross about $360k, ABSENTEE Net $44k. SDE $75k. Price: $99,000

Solid opportunity to step in to going concern at a fraction of the financial and time investment required to start new (est. $350k).

A new owner operator could step in full time - replacing at least 1 FTE - and even before growth and efficiencies, adjusted net would be about $75,000.

Focus on growth through increased catering, basic marketing to increase foot traffic, delivery and events. Just 20 more popular sandwiched sold per day could add $40,000 to your annual net income.

This submarine sandwich franchise started in San Diego in 1977. Product quality and friendly service fostered success. Sandwiches are made from local fresh ingredients, meats and cheeses are sliced in front of customers, and breads are fresh baked locally and delivered to shops 7 days per week. Very clean location.

Shop is located in a Power Center one exit off Hwy 5 with easy access and visibility from Hwy 78. Anchored with Walmart, Bed Bath and Beyond, Best Buy, Stater Brothers, Party City and Starbucks close, center gets a lot of traffic. Other major retail close in Westfield Center. Serves Fire Mountain residents and Carlsbad HS too. The area is anticipating new commerce (new medical center) that could further increase patronage.

Seller acquired the business in late 2015. Water damage to roof following hit and run and fire hydrant rupture caused closure in 2015 and about 2 months 2016. Consequently, financials are only available for 2017 – the re-launch year and YTD 2018. Seller has other business commitments that have resulted in absentee owner operation.

It has 6-7 strong PT employees.

Original Franchisors recently retired and turned over the reins to experienced successors who intend to improve franchisee experience and support.

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Property Features and Assets:

Sub Shop has been in same location for 20 years. Seller purchased it 3 years ago. Some issues related to building damage in 2015, 2016.

Market Competition and Expansion:

Owner operator to focus on adding walkin's and catering. Area is experiencing positive change/growth.

Reason for Selling:

Other interests

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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