Last Revised: 9/13/19. Posting #: 252476
Key Words: deli, sandwich, subs, sacramento, absentee
Financial Info: Price: $85,000. Adjusted Net: $39,949 (as absentee owner). Annual Revenues: $173,230. Total Rent: $1,925/month. Lease until March of 2027 + two 5-year options. One-time transfer fee of $10,000.
Profile: We are pleased to offer this profitable Sandwich shop with brand name recognition in a busy area.
This turnkey shop offers an easy to manage business with a simple menu and great hours!
It is located in a busy retail area with plenty of businesses and residential close by. The shop is a favorite lunch time stop for employees in the area that rely on its fast service and tasty product. The deli has great Lunch only hours from Monday to Saturday, 10:30am to 4pm and is closed Sundays so you have evenings and a weekend day off for yourself!
This shop is a well know sandwich brand that is set up like a franchise with the brand name recognition, a proven business model with a tried and true menu, and excellent owner training program, but it operates with a simple Licensing Agreement so there are no ongoing Royalty fees to eat into the profits! The simple agreement allows for use of the brand name, Logo and signature recipes, but also allows the owner the freedom to customize their own menu so there is room to be a little creative and freedom to change the menu as you desire. The License Agreement includes 2 weeks of required training and a one-time transfer fee of $10,000. The brand is known for excellent sandwiches served with quality meats, special sauces, and fresh bread baked daily in the restaurant.
The space is approximately 1,200 sq. ft. with seating for about 23 inside as it is set up now. Total Rent is $1,925 per month. There is an excellent long-term lease in place with scheduled rent through March of 2027 + two 5-Year options!
This is currently absentee managed by the owner with the help of 1 full-time manager and about 3 part-time employees. It could continue to operate this way, or a more hands-on owner could work in the business to save a little on labor costs and increase the sales. This turnkey business would be great for a first-time owner or family. The owner is very pleased with the success of this business and its place in the community but is selling to prepare for retirement.
The 2018 Gross was approximately $173K and it was profitable with a Net of about $39K with absentee ownership.
Interested? Please fill out our Confidentiality Agreement/NDA form to get started.
Once we receive your Confidentiality Agreement, we will send you information with the name, street address and other details.
This is a Confidential Listing so please Do Not Disturb the business. Tours are by appointment only.
We look forward to talking with you about this exciting opportunity!
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
View All Related Resources & Advisors For This Posting
Profile: Kyle Griffith is a Managing Partner of the NYBB Group. He represents business owners seeking to sell or grow their business via acquisitions. Kyle is a Certified Business Intermediary focusing on the HVAC & Plumbing, Trucking & Delivery and Distribution industries.
Key Words: kyle griffith, the nybb group, business broker, business intermediary, valuation, business valuation, consultant, delivery, medical, medical equipment, home health, bar, restaurant, hvac, refrigeration, dry cleaners, audio equipment, equipment, distribution, moving, delivery, massage envy, massage, allstate, insurance, plumbing, wine, new york city, kings, brooklyn, bergen, nassau, queens, hudson valley, manhattan, new york
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: Obtaining business purchase financing can take business buyers many months, however, there are a number of ways Business Buyers can prepare in order to obtain faster SBA loan approvals from financial institutions. Peter Siegel, MBA shares a list of documents to have prepared for faster approvals.
Key Words: sba, sba loan, sba loans, financing, business purchase financing, peter siegel, financial
Profile: William Bruce, National Business Broker/Intermediary and Valuation Expert from Alabama, explains three important issues that arise when buying or selling a small business of any kind. These issues for business buyers and business owner/sellers include confidentiality, valuation, and financing.
Key Words: buying a business, buy a business, selling a business, sell a business, confidentiality, valuing a business, business valuation, financing, sba loans, loans, business purchase financing, 401k, william bruce
Profile: In this BBN Podcast Episode, Mike, a seasoned business buyer & BizBenNetwork member, discusses his recent search with BBN Facilitator Peter Siegel, MBA. In this online interview, he discusses his past experiences dealing with brokers and business sellers and offers helpful advice to fellow buyers.
Key Words: podcast, buyer, business buyer, mike, buying a business
View Related Blog Posts For This Posting
Profile: Customers and potential business buyers can learn a lot about a business simply by its appearance. BBN Manager Jordan Green discusses the importance of curb appeal and how properly maintaining a business can not only add to its value, but also improve its ability to sell when the time comes.
Key Words: selling a business, curb appeal, jordan green
Related Discussions For This Posting
Comments & Replies: 1 Topics: buying a business, due diligence
Profile: It's no secret that both small and large restaurant purchases are sometimes tricky to pull off & can be difficult to determine if a deal is a good one to move forward with. BizBenNetwork Members weigh in with critical investigative components & tips of buying a restaurant in the due diligence phase.
Key Words: restaurant, restaurants, due diligence, joe ranieri, cafe, deli, bar, bars, fast food, coffee, sandwich, poke, mexican, asian, cafes, delis
Comments & Replies: 11 Topics: buying a business, deal structures, legal issues
Profile: Every day, I speak to business brokers and business owner/sellers, and I hear some pretty amazing stories about potential buyers of small to mid-sized businesses. I tend to ask them what traits they listen for to see if a potential buyer is serious and what traits or buyer actions are deal killers.
Key Words: buying a business, buy a business, mistakes, business buyers
View All Discussions
Comments & Replies: 2 Topics: buying a business, due diligence
Profile: When buying a restaurant, business buyers must consider a number of critical aspects of the business to determine if the restaurant is a good fit, set up for future success, or requires a concept change instead. BizBenNetwork Senior Facilitator Manager Jordan Green starts this discussion.
Key Words: restaurant, restaurants, jordan green, buyers, buying a business, convert, can convert, asset, asset sale, due diligence