EXCELLENT LEASE TERMS!
Lee's Sandwiches is a Vietnamese-American fast casual restaurant chain that has been a Southern California hit since 1983, and now has 60+ locations across the western United States. Lee's offers breakfast, lunch and dinner specializing in Bánh Mì, "European-style" baguette sandwiches, Vietnamese iced coffee, and dessert chè. This store is located in a high traffic center in the middle of two bustling malls and several major freeways. There are plenty of hungry bellies to feed from the local surrounding residences, office buildings and passerbys.
The restaurant is virtually new with amazing exposure: it is in a highly visible unit and has a floor-to-ceiling glass storefront. All of the equipment is stainless steel, in pristine condition, and labeled for increased productivity. The restaurant is equipped with a gigantic walk-in refrigerator, freezer, type 1 hood and in-ground grease trap. The space is set up to serve all patrons: high volume crowds, curbside pickup, takeout, and both indoor dining and patio dining.
Unfortunately, the owner bit off more than she could chew. She opened multiple stores at the same time without any prior industry experience, a task which is difficult enough even for seasoned pros. On top of that, the restaurant industry was brutalized by the pandemic, the family members who were supporting her expansion effort returned overseas, and the owner decided to be absentee at this location and focus on her other store. In addition, the seller made the rookie mistake of allowing the franchise to dictate her menu prices, which left a lot of profit on the table by failing to adjust to the local region. Finally, the owner closes shop very early every day! Immediately increase the hours to increase revenue.
Lee’s Sandwiches is an excellent opportunity for a buyer to step-in to a $600,000 buildout (for less than a third of the price) and get a virtually brand-new, high traffic location with all the bells and whistles. An owner operator can shave payroll, spend their capital on local marketing and advertising, and beef up social media. If you’re looking for a Lee’s franchise (the majority are corporate owned), they’re rarely on the market, so this may be the opportunity for you. Contact the Agent today!