Yes!! After 39 Years owner Joe Faillace is ready to retire! This funky sandwich shop near the capitol has been service lunch to the tens of thousands of government and business workers around the capitol mall area. With very little competition Joe has made a wonderful income working only 5 days a week from 830am-230pm Monday through Friday! AND NOW YOU CAN TO!! In addition to the thousands of government and civilian employees in the area, it is going thru an urban renewal with a lot of condos and apartments to be built over the next few years This is a great opportunity for the right person. The business could grow tremendously by adding breakfast as well. Joe has a staff of 6 employees some of which have been with him for tens of years. His role is managing the business doing ordering and prep work. So, this sounds like an awesome opportunity. What is the catch? Good question. The location is up against where the “Homeless Zone” was. While the city recently cleaned it up and sales have gone up 20% since then, there are still a lot of homeless people in the area due to the homeless shelters. The restaurant and parking area which Joe owns is completely fenced off and does not see any vandalization. If a lot of homeless people in the area, make you uncomfortable than this isn’t the right fit for you. However, if you can see past that as Joes customers have for many years you can crank out at least $1,300 in sandwich sales in day in and day out!
What makes this even better is the books and records are very clean. This business will qualify for an SBA loan so you can get into it with only $14,000 down (plus inventory and lease deposit approx. $7,500 total).
Go by and have a sandwich on the front patio and see if you can envision yourself as the new owner of this Phoenix Landmark. If so give me a call or drop me a note and we can get you qualified for an SBA loan to make the Old Station Sub Shop your very own.
