Sub Shop for Sale in Fort Lauderdale - $80,000 Earnings to Owner/Opera

Margate, FL (Broward County)

Sub Shop for Sale in Fort Lauderdale - $80,000 Earnings to Owner/Opera
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Asking Price: $163,500

Cash Flow: $79,463

Gross Revenue: $468,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,692 /Month

Established: 1974

Sub Shop for Sale in Fort Lauderdale - $80,000 Earnings to Owner/Opera

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Business Description

Sub Shop for Sale in Downtown Fort Lauderdale with loyal customer base has 48 years of Goodwill! Bowling Alley, Movie Theater and Retail Shops under construction steps away. Motivated seller will consider all serious offers.
This sub shop for sale has 48 years of history and an extremely loyal customer base. Sales have been growing and in 2019 sales should be in excess of $468,000. An owner/operator should expect to earn $80,000 from this operation. The restaurant services the downtown Fort Lauderdale area. It sales mix consists of dine-in, pick, and delivery. All deliveries are handled in-house. Utilize third party delivery services to increase sales even more. Books and records are perfect. Income can be verified by tax receipts and payroll is on the books.
Buy this sub shop listed by We Sell Restaurants, that is housed in a 1,420 square foot space in downtown Fort Lauderdale, Florida and take advantage of the very low rent at just $3,691 per month, which is less than 10% of gross sales. The rental rate includes all CAMS, taxes, and two parking spaces. The sub shop for sale seats 20 people inside and more than 20 guests can dine outside. Ample public parking is available, but the majority of customers are just walking distance from this sandwich, salad, and sub shop for sale located in a food court setting in the middle of downtown Fort Lauderdale. The area has massive construction underway. Bowling Alley, Movie Theater, Retail Shopping ,and Residential Condo's will be built steps away. The current lease expires in January 2022 and there are three five year options attached.
If you are looking to be in the restaurant business and still enjoy the great quality of life that South Florida affords you, look no further. This sub shop for sale offered by the restaurant brokers caters to the thousands of people who work in downtown Ft. Lauderdale. The hours of operation are Monday thru Friday 7 am - 3 pm and Saturday 9 am - 3 pm. That's right, the cafe for sale is closed every evening, Sunday and all major Holidays. You can open for more hours if you want and gain additional sales and income; that's your choice.
This is a very simple operation to run. The menu features hot and cold subs, overstuffed deli sandwiches, salads, soups, hamburgers and hot dogs. The breakfast menu features egg dishes, sandwiches and breakfast burritos. The menu and all recipes will transfer with the sale and the owner will provide two weeks of training to insure a smooth transition of ownership.
The equipment package for the downtown sub shop is complete. The exhaust hood is five feet in length, the kitchen equipment is powered by natural gas, and the refrigeration is commercial grade. The front of house seats 20 guests very comfortably in a combination of picnic tables and chairs. The patio area is a shared space with other restaurants, but directly in front of your space are five tables with 20 seats. The food court area is connected to a parking garage that is very popular for the downtown employees. Your rent includes two parking spaces. Planned construction in the immediate vicinity includes a movie theater, bowling alley, and retail shops.
Downtown Ft. Lauderdale has thousands of office workers. These business people park their cars for the day or take public transportation. They do not want to travel for lunch. This sub shop for sale in the heart of downtown is positioned to take advantage of this customer base. The setting that it is located in has been successful for twenty years and will be a mainstay in the community to many years to come.

Detailed Information

Location:
Margate, FL
Real Estate:
Leased
Building SF:
1,420
Lease Expiration:
1/31/2022
Employees:
8
Facilities:
4 Tables 1 Picnic TableBench seats eight 8 Chairs 2 Tables Bench seats 4 Two Door Beverage Cooler 3 Prep Tables 2 Clover leased 3 Door Sandwich Cooler 1 Door Sandwich Cooler Utility Cart 5 Foot Exhaust Hood Refrigerator SS Shelving 2 Table Top Steamer Walk In Cooler Slicer Three Compartment Sink Ice Machine leased 1 Eye Burner Electric
Competition:
45 years of name recognition with loyal customer base food court setting with dedicated indoor seating and community outdoor seating area
Growth & Expansion:
Planned building of Movie Theater bowling alley and retail shopping area directly in front of restaurant Walking distance to thousands of employees and secondary education center
Support & Training:
Owner Will Train for Two Weeks for No Compensation
Reason for Selling:
Other
Business Website:
http://www.wesellrestaurants.com
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Ken Eisenband

Business Listed By:
Ken Eisenband

We Sell Restaurants

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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.


Sponsoring Broker:
Eric Gagnon

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