Well established SUB SHOP & PIZZA. Priced for Quick sale

Lowell, MA (Middlesex County)

Seller Financing Available
Well established SUB SHOP & PIZZA. Priced for Quick sale

Asking Price:$150,000

Cash Flow:$124,000

Gross Revenue:$468,000

EBITDA:N/A

FF&E:$115,000

Inventory:$2,500*

Established:1976

*not included in asking price.

Well established SUB SHOP & PIZZA. Priced for Quick sale

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Business Description

THE OWNER HAS SAID SELL & SELL. You can’t find a better value. Fifteen year lease just: $1,500/month (tax, insurance, CAM, water & trash included). 40 years in the same popular location. 65 % Deliveries to repeat customers at short distances in densely populated area. Huge foot & car traffic with plenty of parking in densely populated area. Easy menu, make money from day one. $9,000 sales per week and growing to reach the previous $12,000. Up to 40% owner’s financing.

Detailed Information

Inventory:
Not included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facilities: Everybody knows this sub shop and pizzeria. 40 years in the same convenient premises plenty of parking, serving a loyal customer base. Fully equipped, many brand new. 24 seats. Great lease $18,000/year all included (5 years with two options of 5 years each). Easy to run with easy menu. Mostly of the food and paper goods delivered at the premises.
Competition:
Limited competition for this strong name which is a landmark in town. Consolidated neighborhood is not going to change
Growth & Expansion:
Room for growth by being more aggressive with online ordering. It’s located in a college town. Just distribute more menus to reach the dense population and increase deliveries.
Financing:
up to 40%
Support & Training:
Seller will provide training and support. Crew in place willing to stay.
Reason for Selling:
Moving

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Javier Castro

Business Listed By:
Javier Castro

Boston Bay Business Brokers

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