In Escrow, Sandwich Franchise, Philly Cheesesteaks & Hoagies

Orange County, CA

In Escrow, Sandwich Franchise, Philly Cheesesteaks & Hoagies
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Asking Price: $79,000

Cash Flow: $50,251

Gross Revenue: $334,743

EBITDA: N/A

FF&E: N/A

Inventory: $3,000*

Rent: $6,230 /Month

Established: 2003

*not included in asking price.

In Escrow, Sandwich Franchise, Philly Cheesesteaks & Hoagies

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Business Description

This business is part of a very successful Southern California based food franchise that offers authentic Philadelphia steak sandwiches and hoagies as it’s main menu items. This location has been operating since 2003 and has maintained consistent sales and profits without the benefit of a full time owner.

The menu features a variety of steak sandwiches, pizza steaks, cheese steak hoagies, Philadelphia chicken sandwiches and authentic Philadelphia hoagies. Other menu items include burgers, fries, onion rings, and an assortment of beverages. What distinguishes this franchise from other sandwich shops is the fact that many of the ingredients used to prepare their steak sandwiches and hoagies are shipped directly from Philadelphia. Other favorites include Franks Sodas, Wise Potato Chips, and TastyKake Cakes and Pies. Catering can be expanded and is also another area for revenue growth.

The cost of opening a new location can be as high as $400,000. This presents a good opportunity to step in as an owner/operator of a very successful franchise at a greatly reduced cost. Local training is offered by the franchise prior to the close of escrow, with full on-going support after. The business just went through a remodel with new paint, flooring, tables, chairs, booths, menu board, and more. This location will not require any additional upgrading from the franchisor. This business is turn-key. It needs an owner willing to work the business and follow the franchise model which has been successful at its other locations.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,550
Lease Expiration:
8/31/2026
Employees:
3 part time
Facilities:
The business operates from a 1,550 sf facility that was recently remodeled at a cost of approximately $30,000. No additional upgrades will be required. The lease is valid through August 31, 2021, with a 5 year option on the back end of the agreement.
Support & Training:
The franchise offers a comprehensive 4 week training period locally in Orange County, prior to escrow closing, and on going support after. The seller will provide additional training after the close of escrow.
Reason for Selling:
Pursuing other opportunities, Possible relocation
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Bob Baumgarten

Business Listed By:
Bob Baumgarten

National Business Brokerage

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB).

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