Sandwich Shop Near Salem For Sale

Business description

The asking price has been reduced to only $109,500! With a contract to be assumed of about $50,000, down payment is then only $59,500!

Here is a strong, steady business doing consistent sales of $250,000, with an excellent net profit. And, it is absentee owned. An owner-operator should do even better.

The rent is only $1,430 per month. Plus, there is a contract assumable of about $50,000.

This sub-sandwich shop is located near Salem in a very nice shopping center with easy parking. This restaurant is a franchise and is a popular lunch stop. They are successful because of the fresh-baked bread, the many sandwich choices and because they are well known in this smaller community. In addition to the subs, they offer a variety of salads, soups and other delights.

It is a 1,407 square foot building and is open Monday through Saturday, closed on Sunday. They have three full time and five part time employees. The annual sales are good and could even see an increase with some local marketing and Sunday hours. This is a very good buy!

Here is what you will receive for your investment:
• A strong, steady business with loyal customers,
• All equipment and personal property,
• Established business goodwill with loyal customers,
• Use of the location of the business, subject to a satisfactory lease,
• Fully built out tenant improvements,
• Training from owner and franchise on how to run the business,
• Vendor contacts.


Here are some good reasons to consider this business:
• Sales are strong
• Location is very good
• Growth potential

Asking Price: Now Only $109,500 + Inventory and $10,000 franchise transfer/training fee.

Franchise terms

$10,000 training/transfer fee

Property information

Real Estate:

Lease

Lease terms:

Lease has 5 year option

Location:

Located in good shopping center with plenty of parking

Premises details:

Building is 1407 SF with nice interior

Other information

Support & training:

Corporate franchise will train

Reasons for selling:

Other business interests

Trading hours:

Mon - Thurs 8 am to 8 pm
Fri 8 am to 9 pm
Sat 8 am to 8 pm
Sun closed