With the love that Americans have for sandwiches, it's no wonder that sandwich shops for sale are among some of the most popular listings at We Sell Restaurants. Sandwiches are perfect to eat on the go. That's been true ever since they were invented in 1762. The sandwich is named after John Montagu, the 4th Earl of Sandwich. Legend has it that in 1762, during a 24-hour gambling game, he asked for meat to be served between slices of bread. This way he could eat with one hand, leaving the other free to continue the game. Today, we eat our sandwich with one hand while driving, working, or reading, still multi-tasking just like the 4th Earl of Sandwich.
Sandwich Shops for Sale are among the most popular listings offered by the restaurant brokers. They are simple to operate and typically fall into the quick casual category. Few sandwich shops for sale come with an alcohol or beer license so the ease of operation makes them a great candidate for those who are inexperienced or even someone seeking an E2 Visa or investment visa. For more tips on buying a restaurant to obtain an E2 visa, see this article. Since a sandwich shop typically doesn't include any kind of alcohol or beer license, they have fewer licensing and permitting requirements. Most sandwich shops for sale in our inventory don't do any frying. Equipment is limited to just a grill which means often a hood and grease trap are not required for the space. We have sold restaurants operating as a sandwich shop from as small as 750 square feet to as large as 3000 but typically a large space is not required.
There are several easily recognizable franchise brands, with Subway franchises for sale leading the way as the largest restaurant chain in the world. They have over 40,000 locations worldwide proving that the hunger for this simple meal is truly international.
One seller relayed to me that his reason for buying one of our sandwich shops for sale was the variety of the menu. He considered buying a pizza restaurant, a quick casual burrito concept and other specialized concepts before deciding on a sandwich shop for sale. His reasoning? People may not eat pizza or burritos more than once a week but they would return to a sandwich shop since they offer so much variety. You can eat a cold sandwich one day and a hot one the next and not feel as though you are having the same lunch day after day. He seems to be onto something as research conducted by menu research firm Dataessential shows a lot of variety in sandwich choices and customer's favorites. They found the most popular choice of sandwich among Americans is turkey, followed by ham. Peanut butter and jelly came in fifth. With Americans craving unique and personalized food they can eat on the go, our sandwich shops for sale will continue to be strong sellers.
Here's an outline of the steps for buying a sandwich shop for sale. Whether you're a first-time buyer or an experienced restaurateur, this article post has something for everyone!
The first thing you need to do when buying a restaurant business is to decide what type of business you're looking for. Are you interested in a fast food franchise, a casual dining establishment, or something in between? Once you've decided on the type of business you're interested in, it's time to start your search. The best place to start your search is online, at websites like wesellrestaurants.com where you can find a wealth of information about businesses for sale in your area.
When you've found a few businesses that interest you, it's time to start doing your due diligence. This means researching the business as a customer. You should visit without asking any questions of the seller or his team members. This is an important step in the process, as it will help you get a better understanding of the business and whether or not it's a good fit for you. You should gauge the location including how far it is from your home and the neighborhood.
You must visit in person to understand the area. The location determines how much foot traffic you get and how much rent you will have to pay. With increasing numbers of dine out and deliver options, foot traffic has become less important in analyzing a sandwich shop for sale. If you are buying an existing sandwich shop, you should understand the mix between dine in and carry out along with sales via third-party providers like UberEats and GrubHub.
The final thing to do is decide on your budget. Buying a franchise comes with the benefit of an already established brand and existing cash flow. That's why most buyers find this to be the most desirable route. Starting from scratch will be the most expensive option, and will take the longest to establish profitability. Another option is to purchase an under-performing unit and increase sales to "turnaround" the store to profitability. Here's an article on what to know before buying a restaurant that isn't making money.
Once you've decided on the right business for you, it's time to start negotiating with the seller. This is where having a Certified Restaurant Broker can be helpful, as they can help you navigate the often complex world of business purchase agreements. Once you've reached an agreement with the seller, it's time to start the financing process.
There are a few different ways to finance your restaurant purchase, but the most common is through a bank loan. You'll need to put down a significant down payment, typically 20% of the total purchase price, and you'll also need to have a good credit score to qualify. If you don't have the necessary down payment or credit score, there are other financing options available, such as seller financing, unsecured lending or investors.
Once you've secured financing for your restaurant purchase, it's time to start the process of transition into ownership. This process can be complex, so it's important to work with an experienced team of professionals to ensure a smooth transition. One of the first things you'll need to do is obtain the necessary licenses and permits for your business. You'll also need to purchase insurance, set up your accounting system, and make sure you retain the all important experienced staff.
No matter what your budget is, there is a sandwich shop for sale out there that is perfect for you. With so many options to choose from, you are sure to find the perfect shop to fit your needs. So what are you waiting for? Start your search today!
For more information, contact We Sell Restaurants, the nation's largest restaurant broker. We Sell Restaurants specializes in selling restaurants. If you are looking to buy a sandwich shop, check out our inventory of sandwich shops for sale. For more information on how to buy a restaurant, visit our website or give us a call at 800-601-1763.
We would be happy to help you find the perfect sandwich shop for sale!
Are you interested in buying a franchise restaurant? Before you take the plunge, read our article to find out which myths are true and which ones are false.
Find out what characterizes the restaurant buyer, how to become a restaurant owner, and create your success.
Unsure of what to expect when buying a restaurant? Here's a guide that will help you understand the quid pro quo involved in the process.