Listing Number: 2401-771870
Description
Quality Fresh Submarine Sandwich Franchise in Escondido. Long established sub shop in its current location in busy strip center with anchor tenants for decades. The shop enjoys great reviews and is considered by many to offer the best tasting submarine sandwiches. Historically one of the highest performing franchises in the system with loyal customers returning for decades. Artesian breads are baked fresh daily, prime meats and perfectly ages chesses are sliced in front of the customer. 4 PT employees plus owner.
The seller who took the reins in February of 2023 wishes to move on to pursue other business interests. The opportunity is especially well suited for a local family to embrace and grow. Walk-in, pickup, delivery, and catering is offered with significant growth opportunity associated with attracting more repeat catering customers.
Royalties are 8% but the transfer and training fees have been waived. Buyer should plan to invest another 1% of revenues in local marketing. Rent including CAM $5136 is about per month. 2023 Proforma revenue approximately $655k with Proforma SDE estimate $80k. SBA not possible. Price $180,000.
Listing Details
- Price: $180,000
- Down Payment: $120,000
- Sellers Discretionary Earnings: $80,000
- Total Sales: $655,000
- Location: San Diego County, California
- Inventory: $4,000
- FF&E: $9,000
- Employees: 4
- Reason for Selling: other business interests
- Category: Restaurants
