Listing Number: 0101-770280
Description
15% cash down buys you a Miami institution with an adjusted net profit of over $200,000. For the last 45 years this well-known Miami Sub Shop has served up some of the best hot and cold sandwiches around, which generations of families have enjoyed and even made the almighty pilgrimage to consume. The complete asset package includes a grill with hood system, two freezers and ample kitchen prep and storage space. The location has good ingress and parking although this business tends to get extremely busy from 8AM to 3PM five days a week. The property owner is offering a new 5-year lease with options to qualified prospects. Due to excellent books and records this family operation has been prequalified for SBA lender financing in conjunction with the seller holding a short-term note. All prospects should have some sort of experience and good credit as per lender and seller requirements.
Listing Details
- Price: $599,000
- Down Payment: $89,850
- Sellers Discretionary Earnings: $219,438
- Total Sales: $610,829
- Location: Miami-Dade County, Florida
- Inventory: $10,000
- FF&E: $75,000
- Employees: 1
- Year Established: 1977
- Reason for Selling: Retirement
- Category: Restaurants
