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Profitable, Absentee Cheesesteak Shop For Sale

Orange County, California - South, US
Asking Price:
$189,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$483,583 (USD)
Cash Flow:
$84,783 (USD)

For over 30 years, this hoagie shop has brought the taste of Philadelphia to Southern California. They are the local favorite to satisfy that craving for a cheesesteak hoagie, authentic deli sandwich, or a 1/3 lb. burger. This location is in Orange County, which offers amazing exposure in a corner unit in a high traffic center. Throw in excellent signage and visibility, ample parking, a large outdoor patio, and the surrounding upscale community, and you have a location ready to serve a lot of sandwiches! Their success is reflected in their 4.5+ star online reviews, raving about both the service and the food!

Enter the space, and you’ll feel like you’re back in downtown Philly. The dining room features authentic décor down to the red, black, and white checkboard walls and floor. The counter is equipped with a 2 terminal Clover POS system for those high volume lunches! The exhibition kitchen is easy to manage, offers efficient workspace and features well-maintained equipment including a 10'+ hood (with fire suppression) and plenty of cold storage.

The owner has done an excellent job operating this So Cal regional favorite. But after a 30+ year run, it is time for him to scale back and slide into retirement. This is an amazing opportunity for a driven owner-operator to step into this fantastic foundation and bear the cheesesteak torch! There is plenty of room for growth at this location. Open full hours – increase revenues by opening on Mondays and extending the remaining days past 7pm. Leverage those delivery services (current owner doesn't), add gelato and Italian ice (the equipment is currently stored in the kitchen), and increase profit margin with a 41 beer and wine license (with city approval, Landlord already approved). There are two ways you can buy this business: (1) license the sandwich shop branded name and the seller will provide online support and advertisement with the sale, or (2) acquire the concept, menu, recipes and hang your name on the sign out front.

Either way, it’s not everyday a profitable, well-established, straightforward to manage, absentee owner sandwich shop comes to market. With great lease terms, an excellent location and hardworking tenured employees, This business will go quickly! Contact the Agent today.

Property Information

Real Estate:

Lease

Lease Terms:

Exp 2027, NO CAM, Security Deposit $5400, Annual Increases: 4%

Leasehold Rent:

$49,008 (USD) per annum

Premises Details:

Excellent lease terms with a fantastic corner unit , 16+yrs in this Location, Location, Location!
Profitable, proven 30+yr established chain with room to grow.
Absentee Owner, Easy to Manage and Licensing opportunity to expand the brand.
Large Outdoor Patio and Ample Parking.

Size in square feet:
1,047

Business Operation

Reasons for selling:

Retirement-Scaling Back

Employees:
4
Years established:
2005

Other Information

Support & training:

Owner will Train

Furniture / Fixtures value:
$15,000 (USD) - included in the asking price
Inventory / Stock value:
$3,000 (USD) - included in the asking price

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