Express Melts & Sandwiches

At A Glance

Express Melts & Sandwiches – Hornell, NY

A family-run ambulance food truck offering high-quality, quick-serve meals to healthcare workers and the surrounding community, backed by a fully costed menu and disciplined budget.

$68K Year 1 Revenue

31% Net Margin

7.2× Debt Coverage

272% Above Break-Even

Opportunity

St. James Hospital area with 300+ employees and steady daily traffic.
15,800+ vehicles/day along the main corridor by the hospital.
40,000+ residents within ~15 miles of the primary service zone.
Limited high-quality food options for staff on short breaks.
Multiple events via Hornell Partners for Growth and nearby fairs.

Competitive Advantages

Orders targeted in ~5 minutes or less, designed for real break windows.
Fresh, made-to-order melts and bagel meals instead of typical fast food.
Menu designed for a captive audience: hospital staff, neighboring workers, and event attendees.
Average meal COGS of ~29%, leaving strong margin even with conservative pricing.
Owner-operated model keeps payroll low in Year 1.

Use of Funds ($20,000 Loan Request)

Vehicle & Conversion	$6,170
Kitchen Equipment	$7,014.50
Permits, Insurance & Licensing	$1,500
Loan Payment Buffer (6 months)	$2,460
Smallwares & Initial Inventory	$1,000
Contingency Reserve	$1,855.50
Total	$20,000

Loan Terms & Risk Position

Loan Amount: $20,000 at 8% APR, 5-year term.
Monthly Payment: ~$406, only ~8% of projected monthly revenue.
Debt service coverage ratio: ~7.2× projected Year 1 EBITDA.
Break-even: profitable at roughly 27% of target volume.
Asset-backed with approximately $17,000 in equipment and build assets.

Management & Stability

Managing Member has 10+ years of food service experience and worked EMS during COVID-19.
Two years of planning, costing, and vendor research completed before requesting capital.
Operating Agreement in place with clear decision-making and continuity provisions.
Owner draws minimized in early months to prioritize cash flow and debt obligations.