This neighborhood favorite franchise location has been serving Cheese Steaks for more than 12 years in Eastern Alameda County. Sales and net income are growing. Owners live out of the area and want to focus on more local opportunities. Restaurant experienced owner-operators with over $350,000 in liquid assets are encouraged to contact the agent (John LaMay) for more details about this offering which is priced at $345,000, prior to submission of Letter of Intent (LOI). Franchisor approval and a $500 non-refundable franchise applicant fee is required. Buyer trade dress upgrade expenses to the most current Franchise standards is estimated at $50,000, to be split equally between Buyer and Seller.
The Franchise Founders Keith and Kathy Layton opened the first “The Cheese Steak Shop” in San Francisco in 1982. East coast transplants with a love for authentic cheese steaks, we’ve made it our mission to bring the real-deal, Philly-style sandwich to our new home in the Bay Area. In early 2018, The Cheese Steak Shop was purchased by two food service professionals, Dana Huie and Tony Bendana, who combined have over 80 years of experience in all facets of the industry.
For more than 35 years, we have been committed to using high quality, fresh ingredients to make the best possible sandwiches. The Cheese Steak Shop has recently refreshed its restaurant appearance, attaining a new, modern look and feel. Along with The Cheese Steak Shop’s recent renovation of its restaurant appearance comes a new era of streamlined operations, including a sleek, simplified menu.
Business Listing Data Sheet
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|General Location||Eastern Alameda County, CA|
|Revenue Details||TTM Aug 2019|
|Adjusted Net/SDE (Seller's Discretionary Earnings)||$147,103.00|
|Adjusted Net/SDE Details||TTM Aug 2019|
|Industry||Restaurants - Limited Service|
|Hours of Operation||11AM to 8PM, Daily|
|Business Owned Since||2017|
|Reason for Selling||Pursue opportunities closer to home|