Business Overview

This sandwich shop is located in Historic Providence RI surrounded by several business, The Providence Preforming arts center and universities such as, Johnson & Wales, RISD, Brown University, URI and Providence College. The concept puts a unique spin on the classic grilled cheese sandwich offering a wide variety of sandwiches from the classic grilled cheese to pull pork, to ham & cheese. Something for everyone. The restaurant is run with absentee ownership and offers Great Cash Flow ! Keep and grow current concept or bring your own.
• Providence County
• Last 3 years average sales: $472k
• 1,200 sq. ft
• Seats: 36 plus outdoor seating
• Rent: $3,582 Gross
• PRICE TO SELL Asking: ALL REASONABLE OFFERS WILL BE CONSIDERED

Financial

  • Asking Price: $1
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

The current team will train for two weeks

Purpose For Selling:

Other Business

Additional Info

The real estate is leased by the business for $3,582 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell businesses. However, the real factor vs the one they say to you may be 2 entirely different things. As an example, they may state "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or a range of various other reasons. This is why it is extremely important that you not count entirely on a seller's word, but instead, use the seller's response together with your general due diligence. This will repaint a much more sensible image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover items such as stock, payroll, accounts payable, and so on. Remember that sometimes this can indicate that earnings margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location attract new consumers? Most times, operating businesses have repeat customers, which create the core of their daily revenues. Specific elements such as brand-new competitors growing up around the area, road building and construction, and also employee turnover can impact repeat consumers as well as negatively affect future revenues. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the higher the chance to construct a returning customer base. A final thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Just how might the neighborhood typical home income effect future revenue potential?