Listing ID: 77212
Mr. Pickles Sandwich Shop is a premium sandwich shop established in 1995 with locations throughout Northern California. All sandwiches are served on their fresh baked rolls, including their famous Dutch Crunch roll. This Mr. Pickles is in a busy shopping center in the South Bay of San Francisco with good access to residential, office and a large regional hospital near-by. There is convenient parking and good access from a buy road. Sandwiches and salads can be ordered in or to go through various on-line aps. This Mr. Pickles was opened in September 2019 and enjoys good sales growth and profits. Training and support is offered through the franchisor.
Lease: Term: March 31, 2024 + 1 (5) year option to extend term.
Monthly Rent: $4,228.00 including NNN
- Asking Price: $275,000
- Cash Flow: N/A
- Gross Revenue: $738,830
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Fully built out for a Mr. Pickles when open with a walk-in cooler and freezer. Outside seating
Yes, franchisor will train.
Mr. Pickles is well established in this market as a premium brand
This store is only 2 1/2 years old and has had good growth since opening. Sales are up for 2022. Store did very well during COVID due to high volume of take -out business.
The venture was established in 2019, making the business 3 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell companies. Nevertheless, the genuine reason vs the one they tell 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 are valid. But also, for some, these might just be excuses to attempt to hide the reality of transforming demographics, increased competition, current reduction in earnings, or a variety of other factors. This is why it is really crucial that you not rely entirely on a seller's word, yet rather, make use of the seller's response along with your overall due diligence. This will paint a more realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies borrow money in order to cover points such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that profit margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in new clients? Often times, businesses have repeat customers, which develop the core of their daily revenues. Specific elements such as brand-new competitors sprouting up around the location, road building, as well as staff turn over can influence repeat consumers and negatively influence future incomes. One crucial thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business often, the greater the possibility to build a returning customer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Exactly how might the local median home earnings effect future revenue prospects?