It started back in 1956, in this actual storefront location, and was originally called Mike's Subs. Mike opened the small shop in the seaside town of Point Pleasant, New Jersey. You have to remember that in 1956, there were very few franchise restaurants or hamburger chains. No chain pizza, chicken, or taco restaurants, either. In 1956, proprietors of mom-and-pop businesses would open their stores in basic storefront locations like you see here. To survive and thrive, they had to offer exceptional quality products, coupled with unparalleled service. In 1956, Mike was unique in that the product he was offering was a relatively new item in American society – the submarine sandwich. SA11443
- Asking Price:
- $900,000
- Sales Revenue:
- $708,409
- Cash Flow:
- $36,052
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The current lease will expire on 1/31/2031
- Leasehold Rent:
-
$4,739 per annum
- Premises Details:
-
Rent $4,739
- Size in square feet:
- 1,220
Business Operation
- Reasons for selling:
-
New business opportunity
- Trading hours:
-
10 am to 9 pm
- Years established:
- 2022
Franchise Information
- Franchise opportunity:
-
Franchise Resale
