Issue link: http://deals.uberflip.com/i/1535917
QUICK-SERVE NY SANDWICH SHOP CHAIN #68480 BUSINESS HIGHLIGHTS The Company is a powerhouse in the quick-serve restaurant industry, boas ng four renowned sandwich shop loca ons throughout upstate New York. Founded 50 years ago, it has become a staple in the communi es it serves, known for speedy service, quality ingredients, and superior customer service. Each of the four loca ons, two of which are Company-owned, pays homage to the rich history of New York, crea ng a welcoming and nostalgic atmosphere. Each loca on offers a well-curated menu that combines quality ingredients with rapid prepara on, each sandwich stacked with a generous half-pound of meat. While the core menu is consistent across all loca ons, featuring a wide selec on of sandwiches, subs, wraps, homemade soups, and pickles, the daily special can vary by store, adding a unique twist for regulars. Desserts, like cookies and rice pudding, are also widely popular. The stores a ract a broad demographic, serving everyone from local professionals and business teams who order catering for mee ngs and events to individual customers who have become loyal regulars. The shop's customer base spans various age groups, including young professionals, families, and re rees, all of whom appreciate the quick service, high-quality ingredients, and consistent menu. Ahmad Behja Managing Director - M&A E: abehja @genera onal.com D. 203-716-1185 M. 203-945-8919 INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 - 2022 - 2024 DISCLAIMER: All informa on contained in this document has been provided by the subject company to Genera onal Equity and while believed to be correct has not been verified. Accordingly, Genera onal Equity makes no representa ons or warran es as to the accuracy and truthfulness of such informa on. The recipient hereof acknowledges that Genera onal Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Genera- onal Equity of this document. At all mes Genera onal Equity and/or its affiliate network members are agents for the seller and not for the buyer. Genera onal Equity's fees are paid by the seller. REVENUE / EBITDA 2024 REVENUE INVESTMENT APPEAL a. Superior Name and Reputa on: The Company has built a las ng reputa on over the past 50 years for its excep onal menu op ons and a en ve service, making it a true neighborhood staple. Known for quality and authen city, each loca on draws a diverse crowd of loyal locals and curious tourists alike, all eager to experience its renowned sandwiches. b. Documented Systems and Procedures: Front of house and back of house opera ons, staffing, ordering and service have been refined over the Company's many years in business, resul ng in an efficient pla orm that can be leveraged to springboard future growth. c. Strong Growth: sales have grown from $5,826,000 in 2021 to $8,172,000 in 2023, represen ng a compound annual growth rate of 18.4% while nearly doubling EBITDA to $868,000. In 2024, the Company is expec ng to close the year with $1.27M in EBITDA, 46% growth over 2023. d. Stable Opera ons: The Company's diverse customer base spanning mul ple market segments provides resilience against changing trends, with catering and dine-in op ons that appeal to a wide array of tastes and preferences. Addi onally, Management will remain through a transi on period to ensure a seamless transfer of opera ons and ongoing future success of the brand and each loca on. Genera onal Equity 125 Park Avenue, 25th FL New York, NY 10017 T. 212-401-7961 $1.3M $1.5M $8.8M $9.8M 2025 REVENUE (PROJ) 2025 EBITDA (PROJ) 2024 EBITDA SIGN NDA ► FINANCIAL PERFORMANCE ($M) LOCATIONS Opened Size #1 1984 4,200sf #2 1992 6,600sf #3 2019 5,700sf #4 2023 6,200sf Each loca on seats 60-120ppl REVENUE MIX STAFF OVERVIEW Full-Time Part-Time #1 7 15 #2 9 20 #3 8 18 #4 7 15 REVIEWS 4.6/5 (3,900+) 4.6/5 (500+) 4/5 (200+) 3.6/5 (300+)