Iconic Family Run Sandwich Shop Seeks New Family to Take Over

Listing Number: 0101-770280

Description

Truly a South Florida institution, established many, many years ago this family operated business serves up some the best hot and cold sandwiches around, to which generations of families have enjoyed and made the almighty pilgrimage to consume. The complete asset package includes a grill with six’ hood system, two freezers and an ample kitchen prep and storage space. The location has good ingress and parking although this business tends to get extremely busy from 9AM to 5PM five days a week. The property owner is offering a new 5-year lease with options to a qualifed prospect. This operation has been growing by about 15% year after year, even within the Covid-19 event. The seller is seeking retirement and as such we are seeking a new friendly, qualified family to take over the operation. This opportunity should qualify for Visa immigration needs and is Pre-Approved for and SBA loan.

Listing Details

• Price: $630,000
• Down Payment: $138,500
• Sellers Discretionary Earnings: $267,054
• Total Sales: $648,146
• Location: Miami-Dade County, Florida


• Inventory: $10,000
• FF&E: $75,000
• Employees: 1
• Year Established: 1977
• Reason for Selling: Retirement
• Category: Restaurants