This business is part of a very successful southernCalifornia based food franchise that offers authentic Philadelphia steak sandwiches and hoagies as it's main menu items. This location was established by the franchisor as a company owned store and has been operating that way since opening in 1997. The business is operated on a daily basis by six part time employees. Sales have been consistent over the past several years but the business will really benefit by having a full time owner managing the operations on a daily basis.
The menu features a variety of steak sandwiches, pizza steaks, cheese steak hoagies, Philadelphia chicken sandwiches and authentic Philadelphia hoagies. Other menu items include burgers, fries, onion rings, and an assortment of beverages, including beer. What distinguishes this franchise from other sandwich shops is the fact that most of the ingredients used to prepare their steak sandwiches and hoagies are shipped directly from Philadelphia. They also import Franks Sodas, Wise Potato Chips, and TastyKake Cakes and Pies. The lease at this location has been very favorable, with total monthly rent of $3,416. There is indoor seating for 26 customers with additional seating outside. All of the equipment has been well maintained and is included in the purchase price.
The cost of opening a new location can be as high as $400,000. This presents an excellent opportunity to step in as an owner/operator of a very successful franchise at a greatly reduced cost. Local training is offered by the franchise prior to the close of escrow, with full on-going support after. The franchisor will waive both the franchise fee of $30,000 and transfer/training fee of $10,000.