OCEANSIDE, California
| Asking Price |
$65,000 |
Year Established |
1997 |
|
| Annual Revenue |
$448,000 |
Reason for Selling |
focus on young family |
|
| Annual P/L |
$0 |
Attention |
Linnea Westlake |
|
| Annual Cash Flow |
$50,000 |
Listing Number |
979157 |
|
| # of Employees |
8 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
The franchise is considered by many to offer the best tasting submarine sandwiches. Artesian breads are baked fresh daily, prime meats and perfectly ages chesses are sliced in front of the customer. Long established sub shop has been in its current location in busy strip center with anchor tenants for decades. Current owners of 5 years are largely absentee, though these stores tend to perform better when ownership is present and working in the store. Currently there are 8 part-time employees including a manager. Owner oversees manager, creates employee schedule, orders goods. The seller wishes to focus all her energy on young children. The opportunity is especially well suited for a local family to embrace and grow. Walk-in, pickup, delivery, and catering is offered with significant growth opportunity associated with attracting more repeat catering customers. Royalties are 8%. The transfer and training fees have been waived. Rent including CAM $8,769.56 is per month. 2024 revenue $458k with SDE $51k with FT owner operator. 2025 revenue projected $440k. No SBA or seller financing. Price $65,000.
Property Features and Assets:
<p>Monthly Rent: $8,769.56<br><br>Lease Expiration Date: June 1, 2029, 12:00:00 AM<br><br>Terms Options: 5 year, with 5 year option<br></p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity