Profitable Long Standing Steak Sandwich Shop

Listing ID: 700363584

Listing Title: Profitable Long Standing Steak Sandwich Shop

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Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: Pennsylvania


City: Lansdale

Asking Price Range: < $250K

Gross Revenues: Seller Will Provide

Cash Flow: $133,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2007

Number of Employees: 4 - 5

Business Description:
Profitable Long Standing Steak Sandwich Shop Asking $235K Cash Flow $133K After same ownership since 2007 Owner has decided to sell this profitable business. Business serves various kinds of Cheese Steaks, Chicken Cheese Steaks, Hoagies a Breakfast Menu, side dishes and various Drinks. Currently Business is operating absentee with a Full Time Manager who has a Salary of $47,000 Per Year. An Owner Operator could have an average annual income of $138K per year after expenses. Rent $8,900 per month, however a new Owner can negotiate the rent lower with the Landlord. Great Opportunity for someone looking to get into business with or without food experience or add to your existing portfolio with ongoing support This is an existing successful Franchise with over 600 Locations Nationwide. Even with the Franchise fee and the Rent which Seller is going to attempt to get reduced, makes this a very good business to own. Landlord is willing to reduce the Rent for a new Owner. If you enjoy the food business and want to own a successful business, this may be the one for you. Possible some Owner financing for a qualified Buyer. Located in a normally high traffic pedestrian area for many years, business is well known and has loyal customers. Business comes fully equipped with up to date equipment also including a POS System. Full Training is provided so a new owner can get comfortable running the full operation quickly. Reason for Sale, Owner has other Businesses

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