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#3809
Bremerton~Bainbridge
Gig Harbor Restaurants For Sale

Neighborhood Sub Shop Great community

$74,000
Neighborhood Sub Shop Great community
This Listing is Expired

This sub shop sits on a corner overlooking the sound in a great local community.  The seller has had the restaurant open for 10 years and they are just hitting their stride. They have free delivery within a 2 mile radius, and their customers love it! When I was in the store on a Wednesday afternoon after the lunch rush, the phone just kept ringing...very impressive! They have a full kitchen with type 1 hood, old school deli counter, and marvelous food. Recently, a new bridge has opened across from the shop and sales have started to increase with the better access. The atmosphere is old city east coast sub shop.  What a great place to own! The neighborhood is a nice mix of young professionals, families, and waterfront living.  

This is a KW Commercial Gig Harbor Listing

Agent Mary Keller Wynn

Lease

Region:
Bremerton~Bainbridge
Gig Harbor Restaurants For Sale
Lease Term:
No Lease Currently
Total Monthly Rent:
$1,107
Security Deposit:
$2,500

Financials

Last Year's Annual Gross:
$237,659
Last Year's Owner's Cash Flow:
$1,072
Last Year's Food Cost %:
30
Last Year's Payroll Cost %:
28
Last Year's Rent %:
5

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
6
# of Family Employees:
1
Hours Open:
Monday and Tuesday 8am to 3pm, Wednesday thru Saturday 8 am to 8 pm, closed Sunday
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
45
Outdoor Seating:
10
Inside Sq. Ft.:
1,800
Outside Sq. Ft.:
100

Highlights

  • Long standing Sub Shop
  • Old Jersey Style
  • Delivery within 2 miles for free
  • Great Owner Operator Established business
  • Rent has been averaging 5% of sales
  • Low Rent
  • Owner works minimal hours now

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 19,559 52,172 85,227
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 8,252 20,819 34,105
2010 Persons Per Household 2.23 2.43 2.45
Median House Value $214,900 $215,500 $220,973
Income Per Household $47,817 $55,412 $55,850
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 417 876 1,582
2012 Number Of Employees 11,778 22,712 35,232
2012 Total Annual Payroll $253,982,000 $414,679,000 $595,126,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

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