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Fast Growing Soda and Sandwich Shop with Drive-Thru

Salt Lake County, UT

Seller Financing Available
Fast Growing Soda and Sandwich Shop with Drive-Thru
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Asking Price: $149,000

Cash Flow: $17,000

Gross Revenue: $175,000

EBITDA: N/A

FF&E: $60,000

Inventory: $2,500

Rent: $2,572 /Month

Established: 2017

Fast Growing Soda and Sandwich Shop with Drive-Thru

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Business Description

GROWING Business Along High-Traffic Commuting Corridor w/Just-Added Subs!!

This cheerful fun-loving neighborhood hangout features soda and smoothie drinks, fresh baked sub sandwiches, and delicious treats in a casual setting. This business is located near a highway exit, along a major morning commuting route, and in walking distance to a high school. Two drive-thru windows provide quick service to commuters. Teenagers and local families are encouraged to hang-out and play board games, which are provided at no cost. The flavored drinks operate under a franchise agreement, and the sub products are part of a licensing agreement with exclusive rights for all of Salt Lake County.

Detailed Information

Location:
Salt Lake County, UT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business began in 2017 and the current owner bought the drinks and treats business in November 2018. In July 2019, they added the fresh baked subs which will significantly increase average ticket size and provide greater choices for customers. Sales have been increasing month over month, and with the addition of the subs, cash flow will should turn positive by September 2019, when school reopens. The owner lives out of state and relies on the manager and staff to address all day-to-day operations.
Competition:
While there are other flavored soda shops in Utah, this is the only such shop in this neighborhood. This neighborhood is becoming more vibrant with new multifamily housing and a nearby high school, but it still lacks many food options. The new strip center where this business is located also features several other dining options, and was developed to serve as a local community gathering point.
Growth & Expansion:
Significant growth will result from increased awareness by commuters and locals of this business and the location, organic growth as the number of local residents increase, and the addition of new food options based on customer preferences. The business is located close to nearby offices and offers catering services and food delivery options.
Financing:
25000.00
Support & Training:
4 weeks
Reason for Selling:
other venture
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Arthur Warsoff

Business Listed By:
Arthur Warsoff

Transworld Business Advisors of Utah County

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