The next trend, Cheese Steaks (Well-known/Unique/High Cash flow)

Broomfield, CO (Broomfield County)

The next trend, Cheese Steaks (Well-known/Unique/High Cash flow)
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Asking Price: $340,000

Cash Flow: $170,000

Gross Revenue: $500,000

EBITDA: N/A

FF&E: N/A

Inventory: $3,000

Rent: $2,667 /Month

Established: 1984

The next trend, Cheese Steaks (Well-known/Unique/High Cash flow)

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Business Description

Well-known/Unique/High Cash flow - Phillycheese Steak Shop

Cheesesteaks, the next burger trend? This business concept is built and ready to be franchised if desired! Lots of upside potential, you don't have to pay any fees or royalties, you have the opportunity to start up your own franchise with this business and collect royalties.

It is well established and well known as one of the best hole in the wall cheesesteak shops in business since the 1980s. With 2018 annual sales of $500,000, tracking higher for 2019 with the introduction of new menu items and the attraction of new customer base. Cash flow is strong at ~$170,000 and on track to be higher in 2019.

Increasing sales are on track with very high potential to grow and expand into other locations with new unique menu additions. This businesses process and menu is very unique (recipes will be passed to buyer) than other phillycheese steak franchises however it is setup to be duplicated to expand at the buyer’s discretion.

Area is in an affluent, developing neighborhood and has a solid base of regular customers who continue to share their love of the food. Location is near high traffic businesses and two busy main streets. The continued word of mouth is not only the delicious quality food but also the team’s culture and service that continues to be rated strongly on google review. Square footage is 1,000, monthly lease rent of $2,667 including CAMS with seating of ~30 and 6 outside patio seats.

*** Will need a completed NDA before disclosing business information

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
11/1/2023
Employees:
6
Facilities:
Fully equipped Kitchen. Seats 30 inside, and outside patio of 6 seats.
Competition:
A few, however they do not compare to our quality, customer base loyalty and our unique menu. Our team and culture also differs from our competitors and highly rated by many customers.
Growth & Expansion:
Many have asked us to franchise into other locations as many cheesesteaks do not compare to our menu. High potential to grow and expand into other locations, especially with the new menu concept that is very unique.
Support & Training:
2 weeks training inclusive
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Business Listed By:
Susan Chen

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