Growing Sandwich Restaurant w Owner Financing
Asking Price: | $149,000 |
Gross Revenue: | $421,980 |
FF&E: | $4,000 |
Cash Flow: | $53,750 |
Inventory: | $3,000 |
Established Year: | 2020 |
Fast food restaurant for sale serving sandwiches is available for acquisition. Rent is affordable, and owner financing is available for this shop. This business was originally established by the previous owner in 2020 and acquired by the current owner in 2021. This business is located in a 1,450 SF Retail Endcap space with a new anchor tenant moving in, which is next to one of the busiest highways and is surrounded by residential neighborhoods and apartment complexes. The restaurant's main menu item is the Philly Cheese Steak, salads, appetizers, fries, etc. The customer base consists of middle-income individuals with diverse ethnic backgrounds. Revenues have more than doubled since the acquisition and are expected to continue this growth trend as word-of-mouth of this establishment continues to grow. Although there are competitors in the immediate area, this restaurant's revenue has continued to grow with very limited marketing efforts. It is expected to continue this growth trend as word-of-mouth spreads with a new anchor tenant moving in, bringing additional foot traffic to the area. Proactive marketing will help capture new customers as the current owner has spent a minimal amount on marketing and solely relies on word-of-mouth. This business is a great opportunity for first-time buyers or someone with restaurant experience that can continue to grow the business.
Listing ID #001244