Jim Span, Business Broker
The Chase Group
1902 Wright Place, #200
Carlsbad, CA, 92008
La Jolla Beachy Sandwich Shop w/ Coffee for Sale
Asking Price: $ 395,000
Status: Under Contract
Location: La Jolla
Down Payment: $ 395,000
Total Sales: $ 358,970
Discretionary Earnings: $ 136,866
Established Mom & Pop Sandwich Shop w/ Coffee/Breakfast selections. Serving the freshest organic coffee and homemade sandwiches and salads for over 27 years! Outdoor seating plus two quaint tables inside offer a friendly and warm atmosphere with regular established clientele. Always adding new ideas and reinventing latest food trends for excitement. You can keep the same menu or create your own. This location is Prime with plenty of foot traffic. The local chef, neighbors and retailers eat at this sandwich shop! Tourists are a plus in the summertime. Several high ratings on Yelp, Facebook, and Tripadvisor.
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).