Listing Number: 2401-737581
Description
Quality Fresh Submarine Sandwich Franchise in Lancaster.
The franchise is considered by many to offer the best tasting submarine sandwiches. Artesian breads are baked fresh daily, prime meats and perfectly ages cheeses 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 owner of just under 3 years years is absentee, though these stores tend to perform better when ownership is present and working in the store. This location has been in business over 18 years. Team is tenured and manager has been in place for 18 years. Open 10am - 8pm Mon - Sat, 11am - 5pm Sun.
A new AC system and water heater have recently been installed.
Owner oversees manager but has full time executive job and no time to focus on this business. 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 over due price increase and attracting more repeat catering customers.
Royalties are 8%. The transfer and training fees have been waived. New decor should be adopted but the seller will not fund it. As is, its clean and all FFE is in working condition.
Rent including CAM and property tax about $4,458 per month. 2024 Revenue 578k with SDE about 67k (assumes FT owner operator).
2024 Gross about $578k with SDE of about $67k. 2025 Jan-April sales are flat but SDE is up due to recent price increase and lower food cost. No SBA. Seller note up to 30% of asking price, 36 months, interest negotiable. FFE and inventory included (approx. $5k fresh plus paper goods).
Price: $150,000
Listing Details
- Price: DH 150,000
- Down Payment: DH100,000
- Sellers Discretionary Earnings: DH 66,809
- Total Sales: DH 577,638
- Location: Los Angeles County, California
- Inventory: DH 5,000
- FF&E: DH 15,000
- Employees: 7
- Year Established: 2006
- Reason for Selling: No time to focus on this business
- Category: Food Business Retail,Restaurants
