Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$335,000	Inventory	$3,500*
Gross Income	$249,412	Real Estate	$240,000*
Cash Flow	$76,771	Year Established	1985
FF&E	$35,000*	Employees	1FT and 5PT

* included in the asking price

** not included in the asking price

Just Lowered the Price from $423,000 to $399,000, final offer is negotiable!!!! Owner needs to sell because of health reasons. This is a non-franchise Sub Shop! After 23+ years the owners are ready to retire and enjoy their fruits of this successful business adventure. Not a franchise, great opportunity to own your own Philly Steak Sandwich Shop that has been in business for 23+ years! This business includes the real estate, so this is a complete turn key operation. The building accommodates 48 customer seating, parking for 20+ cars, drive up window and carry out service. The property is located just a few blocks from a major college and has strong repeat customer base. Business is affiliated with a unique student credit card, prepaid food program that parents purchase in advance for the student, a great way to control student spending and quality food. This business could easily be franchised or expanded to other locations. This shop specializes in Philly Steak Sandwiches but also offers chicken, ham, French-dip, vegetarian, polish, turkey, BBQ sandwiches along with French fry s, brownies and soft drinks. This is a very clean must see business!

Facilities: This business is being sold with the Real Estate. The building was built in 1967, has 1,584 Sq Ft and is in good repair. It has off street parking and a drive up window. Will seat approximately 45 customers. The equipment is in working condition and is being used daily.

Competition: This business is located in a prime area just a few blocks from the local college. They have a strong customer base and have repeat customers coming in from other states to have a Philly Steak Sandwich.

Growth/Expansion: This is currently not a franchise business but a new owner should consider expanding into other close towns. This is a high quality Steak Sandwich and people return rate is very high.

Financing: Cash, Conventional Financing, SBA Owner may consider lease option

Support/Training: The owners will train the new buyers for 4 weeks and make sure they understand ordering, scheduling of employees and all functions of the business.

Reason Selling: The owners have owned this business for 23+ years and are read to retire.