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#1 Sub Franchise in Outstanding Queen Anne Location
| Asking Price: | $150,000 | Inventory: | $3,000 ** |
| Gross Revenue: | $321,099 | Real Estate: | n/a |
| Cash Flow: | $70,546 | FF&E: | $50,771 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This #1 Sub Franchise has an outstanding location on Queen Anne and is close to the Seattle Center. It is surrounded by offices, businesses, and condos. There is virtually no competition. The current owner has done very little promotion or advertising and has been totally absent from the management and day to day operation of the business. This is the #1 fast food Franchise in America. The business occupies 960 sq ft with seating for 16. The volume on this store has been increasing monthly and with the new promotions being offered by the Franchisor it should skyrocket. The new owner could easily add a delivery service which is in huge demand in this area. The Franchise fee is 8% - Ad Fund Fee is 4.5% and the Transfer fee is $7,500. This is priced to sell fast.
About the Business
Year Established:2003
Employees:3 full time - 2 part time
Franchise:Yes
Facilities:This business has an outstanding location on Queen Anne. It is surrounded by offices, businesses, and condos. The business occupies 960 sq ft with seating for 16. The base monthly rent is $3,318 plus NNN charges of $795. The Lease runs till 10/31/2013 with a 5 year option to extend the term.
Market Outlook and Competition:This is the only #1 Sub Franchise in the surrounding area. The area is the home to many businesses and there are a number of surrounding businesses that frequent the business for lunch and dinner. The current owner has done very little promotion or advertising and has been totally absent from the management and day to day operation of the business. The new owner could certainly promote the service to more of the businesses in the area and the people who work there. The Taco del Mar that was next door has closed down and this will certainly increase the ongoing business. The volume on this store has been increasing monthly and with the new promotions being offered by the Franchisor it should skyrocket. There is a big need for a delivery service in this area and the new owner could add this service.
About the Sale
Reason For Selling:The owner is absent from the day to day operation of the business and has other business interests to manage
Seller Financing:Cash or Bank Financing
Attached Files - Attachment Disclaimer
KEYWORDS: food, fast food, restaurant, restaurants, franchise, food franchise, restaurant franchise, sandwiches shop, sub shop, Subway, retail, service, #1 Sub Franchise
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State: Washington
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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