The Little Property That Could – Part III - Time to Expand

The Little Property That Could – Part III - Time to Expand

Bruchi’s Cheesesteaks is a local favorite. Serving subs and cheesesteaks since 1990, they’ve grown to seventeen locations and recently opened a store in Sacramento, CA.  Bruce and Susan Greene have done a great job with the company, especially with new competition from national sandwich franchises coming into the market.  

In late 2015, I saw a listing for a recently built Bruchi’s Cheesesteaks in Cheney, Washington.  Bruce and a partner owned the building and the Bruchi’s restaurant leased it back from the partnership (much the same way we had structured the Jacobs Java deal).  Bruce and his partner decided to end their business relationship which meant selling the real estate.  However, the Greene’s wanted to keep the business there. This was a “sale / leaseback” scenario - they wanted to sell the building and then lease it back from the buyer.

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