CAMBRIDGE, Massachusetts
| Asking Price |
$599,000 |
Year Established |
2019 |
|
| Annual Revenue |
$2,300,000 |
Reason for Selling |
Other Projects |
|
| Annual P/L |
$0 |
Attention |
Dennis Serpone |
|
| Annual Cash Flow |
$0 |
Listing Number |
1012318 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Award-Winning Cambridge Sandwich Shop | $2.3M Revenue | Absentee-Owned | SBA Eligible
Established and highly regarded sandwich shop located in one of Cambridge’s most desirable commercial corridors, ideally positioned between Harvard Square, Inman Square, and Central Square. Recognized as the winner of Cambridge’s “Best Sandwiches” award, this business enjoys strong brand recognition, a loyal customer base, and consistent sales performance.
The business generates approximately $2.3 million in annual revenue and over $265,000 in net income, supported by accurate financial records and strong cash flow. Weekly sales average approximately $35,000, demonstrating stable and dependable performance. *The owner recently secured a catering contract that generates a guaranteed $10,000 per week in revenue, and the income from this contract is NOT reflected in the financial figures presented above. *
Operating from a 1,100-square-foot facility with seating for 31 guests, the restaurant is open seven days a week from 11:00 AM to 9:00 PM. Revenue is diversified through dine-in and takeout traffic, delivery services, and a growing catering division serving local schools, hospitals, and other institutional clients. Delivery sales account for approximately 30% of total revenue, providing an additional stream of recurring business.
The prime Cambridge location benefits from exceptional pedestrian traffic and visibility. Rent is $7,000 per month, including NNN charges, with four years remaining on the current lease. The landlord is willing to discuss an extension with a qualified buyer.
The business is staffed by an experienced team that has expressed interest in remaining after a sale. Current ownership operates largely in an absentee capacity, reflecting established systems and day-to-day operational stability.
Offered at $599,000, this opportunity qualifies for SBA financing, with approximately $100,000 down required for qualified buyers.
This is an ideal acquisition for an experienced food service operator or entrepreneur seeking a profitable, well-established restaurant with a strong reputation, multiple revenue streams, and significant growth potential.
Property Features and Assets:
<p>Very well-maintained facility in both the front and back of house. Brand new large hood system. Dry basement with walk in cooler and room for storage.<br></p>
Market Competition and Expansion:
<p>Plenty of foot traffic that can support just about any competition<br></p>
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