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Sandwich Shop For Sale
Location: United States -> New Jersey -> Essex County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Huge Profits, Huge Growth Opportunity, Substantial Seller Financing Beginnings of a franchise, quite possibly, or just two highly successful restaurants packaged by its owner for sale. Located in Essex County, New Jersey, the flagship restaurant is 43 years young and boasts 6,000 sq. feet of dining space that seats 34 for lunch and dinner and separately provides table cloth dining space that seats 60 and accommodates weddings, church, civic and all kinds of social events. The bill of fare in the restaurant includes soup, sandwich, baked goods and beverages while dinners of any variety are made to order in the dining hall. Delivery and off-premises catering services are also provided. Less than 3 miles away, the second restaurant is 20 years young and offers the same bill of fare as the flagship restaurant without the dining hall and without the in-store seating; that is, take-out food services only. Sales exceed $1.0 million per year. or more than $550.00 per square foot, which is unheard of in the restaurant business.

This location can become the model for future franchise or company-owned locations. Sales continue to climb in both locations as the food quality and superior service that reflects the owners persona have become infectious. The owner will stay on to run the catering business; to plan the development of franchising, or simply to open new locations.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,800,000
Cash Flow:   $780,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2010
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale




Print Listing Id: 700308730
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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