Sandwich and Sub Shop - SOLD!!

• Location: Asheville
• New South ID: 08011
• Industry: Restaurants
• Industry Detail: Deli/Sandwich Shop

Financials

• Asking Price: $124,500
• Gross Revenue: $303,737
• Cash Flow: $45,835
• Cash Flow Detail: Seller's Discretionary Cash Flow
• FF&E: $50,000 (included in price)
• Inventory: $1,500

Business Summary

• The restaurant is a classic, Philadelphia-style sub shop serving the best Hoagies in Asheville, North Carolina. The Company has completed major renovations of both the interior and exterior and is poised for growth. The Company's name is one of the most prominent and well recognized names in the Asheville restaurant community. Location, authenticity of the Philadelphia Hoagie tradition, food quality, consistency and service make this restaurant "the" best sub/sandwich shop in the area. This stable, turn-key business offers consistent, financial performance.

General Information

• Year Established: 1994
• Employees: 6
• Facilities: The restaurant occupies approximately 2,400 sq ft in a stand-alone building less than a mile from downtown with indoor/outdoor seating capacity of approximately 64.

Market Outlook

• Competition: As a restaurant in the downtown community, the Company competes with all dining establishments offering a casual dining atmosphere at a similar price point. However, from the standpoint of other delis and sub shops they could include; Jersey Mike's, Quizno's, and Subway.
• Growth/Expansion: This opportunity is ideal for buyers looking for an established concept with significant growth potential. Growth for the restaurant is premised on building on the restaurant’s proven concept and goodwill including; delivery services, expansion of catering activities and new store growth.

About the Sale

• Financing: N/A.
• Support/Training: The Seller has completed a comprehensive operation manual for the Owner/Operator. Seller will offer training for up to three weeks.
• Reason for Selling: Seller would like to explore new business interests out of the area.