This Sub Sandwich Shop opportunity is suitable for a first time buyer wanting their own successful business or the security of being part of a major franchise. Although priced extremely competitively at only $49,000, the owner is so confident in the location that he is willing to carry part of the asking price to well qualified, financially stable buyers. This is an amazing deal and you won't find another business price so aggressively! Sales are presently in excess of $400k per year and in business for 10 years. Currently a Franchise operation but could so easily be your very own Deli/Sandwich business. Currently operating with an absentee owner. This is absolutely turn key. Walkin fridge and freezer, office space, multiple refrigerated worktops, ovens, Hobart automatic slicer, 30ft counter, 4 outdoor tables and company logo umbrellas and even a washing machine and dryer to save on linen costs. The Dining room is all updated and decorated to a high standard and shows extremely well. Many large Anchor neighbors has made this corner of Chico the Hub location to be in business. A new lease would be negotiated and is currently well under market value. From 2003-2006 this store, while managed by the owner, created sales of over $1 million. The owner has now been absent for 6 years. So if you are a hard working Entrepreneur you could realize this sales volume once again and enjoy the freedom of being your own boss.

General Info

  • OrganizationContact For Info
  • Established2003
  • Current Owner2003
  • Employees1 Full Time, 10 Part time
  • Reason For SaleRetirement

Facilities

  • Seating30 + Patio seating
  • Square Feet1,400
  • Parking50+ Mall Parking
  • LicensesHealth, Business and Franchise
  • Open HoursMon-Sat 10-9 Sun 11-9

Lease

  • Rent$3,000
  • ExpirationNew Lease
  • Yearly Increase5%
  • OptionNew Lease
  • Deposit$3,200

Financials

  • Monthly Revenue$35,000
  • Monthly Cash Flow$3,500
  • Annual Revenue$420,000
  • Annual Cash Flow$42,000
  • Payroll$$9,500

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location