Listing Number: 2401-91313
Not your average Submarine Sandwich Franchise in Carlsbad/Oceanside area priced for quick sale. ABC Type 41 (Beer and Wine).
2017 Gross about $360k, Adj. Net about $44k - ABSENTEE OWNER. Price: $99,000
Solid opportunity to step in to going concern at a fraction of the financial and time investment required to start new (est. $350k).
A new owner operator could step in full time - replacing at least 1 FTE - and even before growth and efficiencies, adjusted net would be about $75,000.
Focus on growth through increased catering, basic marketing to increase foot traffic, delivery and events. Just 20 more popular sandwiched sold per day could add $40,000 to your annual net income.
This submarine sandwich franchise started in San Diego in 1977. Product quality and friendly service fostered success. Sandwiches are made from local fresh ingredients, meats and cheeses are sliced in front of customers, and breads are fresh baked locally and delivered to shops 7 days per week. Very clean location.
Shop is located in a Power Center one exit off Hwy 5 with easy access and visibility from Hwy 78. Anchored with Walmart, Bed Bath and Beyond, Best Buy, Stater Brothers, Party City and Starbucks close, center gets a lot of traffic. Other major retail close in Westfield Center. Serves Fire Mountain residents and Carlsbad HS too. The area is anticipating new commerce (new medical center) that could further increase patronage.
Seller acquired the business in late 2015. Water damage to roof following hit and run and fire hydrant rupture caused closure in 2015 and about 2 months 2016. Consequently, financials are only available for 2017 – the re-launch year and YTD 2018. Seller has other business commitments that have resulted in absentee owner operation.
It has 6-7 strong PT employees.
Original Franchisors recently retired and turned over the reins to experienced successors who intend to improve franchisee experience and support.
- Price: $99,000
- Down Payment: $99,000
- Sellers Discretionary Earnings: $44,511
- Total Sales: $359,566
- Location: San Diego, California
- Inventory: $0
- FF&E: $0
- Employees: 6
- Year Established: 1997
- Reason for Selling: other business responsibilities
- Category: Restaurants