Steak Submarine Franchise – Multiple Locations
Asking Price: SOLD – $1,200,000
Established and well known in the community. World Class Steak Submarine Shop with many successful years as a local owned and operated restaurant. Located in DFW and one of the one of the fastest growing areas in the United States. High traffic area in prime location with a captive market with limited competition in the area. Restaurant is has an additional 2,500 (approx.) square feet that can be rented for additional revenue.
The brand started in the early 1970’s and is known for creating the perfect sub made only the best of products and a proprietary seasoning. The shop also serves several different seasonal items that customers wait for all year long. This restaurant has enormous potential to scale or grow through often requested catering opportunities.
Per owner’s P&L, sales are consistently over $500,000 with $200,000 in seller discretionary earnings. Included in the sale are est. $75,000 in FF&E (Sub Shop), and $1,500 in Inventory. There are also 6 employees including 1 lead / manager. The owner will offer 2 weeks training to ensure a smooth transition.