TWO Profitable Non-Franchise Sub Sandwich Shops

Redondo Beach, CA (Los Angeles County)

TWO Profitable Non-Franchise Sub Sandwich Shops
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Asking Price: $475,000

Cash Flow: $160,000

Gross Revenue: $1,256,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Rent: $7,650 /Month

Established: 1995

TWO Profitable Non-Franchise Sub Sandwich Shops

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Business Description

Rare opportunity to acquire two (2) well-established East Coast style sub sandwich shops in the South Bay. These two stores are well respected in the South Bay where customers from Redondo Beach, Hermosa Beach, Manhattan Beach, and El Segundo go for their favorite hot and cold subs and sandwiches. This business has a very strong brand in the South Bay and has been around for over 20+ years, since the mid-1990's.

These two stores are doing over $1.25 million in revenues and cash flowing about $160,000 per year. Even better is that these two stores and brand are independently owned and NOT part of one the larger sub franchises (Togos, Subway, Quiznos, Jersey Mike's, Which Wich, Schlotzky's, etc.) that charge 5% to over 12% in royalty and advertising fees on gross revenues. No franchise or royalty fees and the ability to grow this brand to more locations in the South Bay and beyond.

Menu is diverse with hot subs, cold subs, hoagies, wraps, salads, hot dogs, burgers, and low carb menu options.

Each location has it's own Store Manager. Owner works 10 to 15 hours per week to oversee operations.

Detailed Information

Real Estate:
Leased
Building SF:
2,450
Lease Expiration:
N/A
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1) Store #1: 1,450sf; seats 45 indoor and patio; Rent $4,800/month; approx 8 years left on lease. 40% takeout; 2) Store #2: 1,000sf; seats 26; Rent $2,850/month; approx 4 years left on lease. 60% takeout
Growth & Expansion:
Numerous opportunities to grow the business include: extended hours of operation, grow the strong brand with additional store(s), web and social media presence and engagement (none today), more delivery service options other than just Amazon. Considerably more cash flow if new owner(s) were to also work full-time at the stores and be more hands-on.
Support & Training:
Owner willing to train and transition to new owner(s) over course of 2 weeks at close of escrow.
Reason for Selling:
Owner moving to East Coast
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Tony Cordi

Business Listed By:
Tony Cordi

Aspire Realty Advisors

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