Quality Fresh Submarine Sandwich Franchise in Lancaster

Listing Number: 2401-737581

Description

Quality Fresh Submarine Sandwich Franchise in Lancaster.

The franchise is considered by many to offer the best tasting submarine sandwiches. Artesian breads are baked fresh daily, prime meats and perfectly ages cheeses are sliced in front of the customer.

Long established sub shop has been in its current location in busy strip center with anchor tenants for decades. Current owner of 2.5 years is absentee, though these stores tend to perform better when ownership is present and working in the store. This location in business about 18 years. Open 10am - 8pm Mon - Sat, 11am - 5pm Sun.

Currently there are 6 part-time employees plus a FT a manager of 16 years. Owner oversees manager but has full time executive job and no time to focus on this business. The opportunity is especially well suited for a local family to embrace and grow. Walk-in, pickup, delivery, and catering is offered with significant growth opportunity associated with over due price increase and attracting more repeat catering customers.

Royalties are 8%. The transfer and training fees have been waived.
Rent including CAM and property tax about $4,458 per month. 2024 Revenue 578k with SDE about 67k (assumes FT owner operator).

No SBA. Seller note up to 30% of asking price, 36 months, interest negotiable. FFE and inventory included (approx. $5k fresh plus paper goods).
Price: $150,000

Listing Details

• Price: $150,000
• Down Payment: $100,000
• Sellers Discretionary Earnings: $66,809
• Total Sales: $577,638
• Location: Los Angeles County, California


• Inventory: $5,000
• FF&E: $15,000
• Employees: 7
• Year Established: 2006
• Reason for Selling: No time to focus on this business
• Category: Food Business Retail,Restaurants