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This sub shop for sale has 49 years of history and an extremely loyal customer base. Servicing the downtown Ft. Lauderdale area the sub shop will see net sales in excess of $350,000 for 2020. The sales are down from forecast, but so are expenses. The owner will net $60,000 for 2020. That is just $10,000 off budgeted profits for the entire yea?. How many other restaurants can make this claim. The sub-shop's sales mix consists of dine-in, pick-up, and delivery. Majority of deliveries are handles in-house. Books and records are perfect. 2019 and 2020 sales can be verified by tax return and sales tax receipts. .
Buy this sub shop for sale listed by We Sell Restaurants, that is housed in a 1,420 square foot space in downtown Fort Lauderdale, Florida and take advantage of the very low rent at just $3,602 per month, which is less than 10% of gross sales. The rental rate includes all CAMS, taxes, and two parking spaces. The sub shop for sale seats 20 people inside and more than 20 guests can dine outside. Ample public parking is available, but the majority of customers are just walking distance from this sandwich, salad, and sub shop for sale located in a food court setting in the middle of downtown Fort Lauderdale. The area has massive construction being negotiated. Bowling Alley, Movie Theater, Retail Shopping ,and Residential Condo's will be built steps away. The current lease expires in January 2022 and there are three five year options attached.
If you are looking to be in the restaurant business and still enjoy the great quality of life that South Florida affords you, look no further. This sub shop for sale offered by the restaurant brokers caters to the thousands of people who work in downtown Ft. Lauderdale. The hours of operation are Monday thru Friday 8 am – 2 pm and Saturday 9 am – 2 pm. That’s right, the sub shop for sale is closed every evening, Sunday and all major Holidays. You can open for more hours if you want and gain additional sales and income; that’s your choice.
This is sub shop for sale is a very simple operation to run. The menu features hot and cold subs, overstuffed deli sandwiches, salads, soups, hamburgers and hot dogs. The breakfast menu features egg dishes, sandwiches and breakfast burritos. The menu and all recipes will transfer with the sale and the owner will provide two weeks of training to insure a smooth transition of ownership.
The equipment package for the downtown sub shop for sale is complete. The exhaust hood is five feet in length, the kitchen equipment is powered by natural gas, and the refrigeration is commercial grade. The front of house can seat up to 20 guests very comfortably in a combination of picnic tables and chairs. The patio area is a shared space with other restaurants, but directly in front of your space are five tables with 20 seats. The food court area is connected to a parking garage that is very popular for the downtown employees. Your rent includes two parking spaces. Planned construction in the immediate vicinity includes a movie theater, bowling alley, and retail shops.
Downtown Ft. Lauderdale has thousands of office workers. These business people park their cars for the day or take public transportation. They do not want to travel for lunch. This sub shop for sale in the heart of downtown is positioned to take advantage of this customer base. The setting that it is located in has been successful for twenty years and will be a mainstay in the community to many years to come.
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.Please click on the tab below to easily acknowledge confidentiality on this Sub Shop for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Ken Eisenband at (561) 350-3365
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- Listing#: 7562
- Price: $135000
- Location: Fort Lauderdale
- Sub Shop for Sale in Fort Lauderdale has 49 years of Goodwill
- Owner/Operator will pocket $60,000 in COVID 19 effected year.
- Great lease in place at less than 10% of gross sales
- Walking distance to 1000's of customers
- Quality of life, shop closes at 3 PM.
- All Sales are verifiable with tax returns and all employees are on the books
- Motivated seller will Consider all Serious Offers
- Sub Shop for Sale