Highly Profitable Sandwich Shop for Sale
Asking Price: $ 275,000
Status: Under Agreement
Location: San Diego
Down Payment: $ 275,000*
Total Sales: $ 314,471
Discretionary Earnings: $ 150,684
* seller financing offered to qualified buyers.
This gem has been a local landmark for 28 years in arguably the most recognized neighborhood in San Diego. Over 70% of sales is takeout and delivery! The prime location offers plenty of foot traffic and a strong base of regular established clientele. The local chef, neighbors, and retailers even eat at this place! Tourists are a plus in the summertime. Excellent online ratings. Plenty of ways to grow the business. Great opportunity for an owner/operator or family run business.
A key to the financial success over the years has been being located in a small shop within a high rent district. The small square footage keeps overhead low while being able to pull from a surrounding neighborhood of affluent residents and tourists with a high degree of disposable income.
Competition / Market Info
Very little direct competition in the neighborhood as the surrounding restaurants are high end and the other local sandwich shop is a chain with lesser appeal.
According to the owners there are various ways to drive an increase in sales including adding soft serve or a beer/wine license. Also there is plenty of room to extend the hours of operation – opening later and/or on weekends would increase revenue. Additional growth opportunities are outlined in the CIM (Confidential Information Memorandum).