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Quizno's Subs - profitable, excellent books #19087
| Asking Price: | $190,080 | Inventory: | $3,500 ++ |
| Gross Revenue: | $471,077 | Real Estate: | n/a |
| Cash Flow: | $75,533 | FF&E: | $75,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Immaculate books, Great Training, Financing - busy location
Quick service sandwich sub shop in a busy center in Arlington, Texas anchored by strong Tom Thumb. This store is immaculately maintained by the owner and features a large, repeat customer base. The business has experienced steady growth since opening. Quizno s offers delicious, chef-inspired subs, soups, and salads, made with the freshest ingredients. Famous for their toasted subs, Quizno s is the second largest submarine sandwich shop chain in North America. The franchise traces its roots to 1981 in Denver and now numbers 5000+ restaurants worldwide. Quizno s stores are supported by a $90 Million+ national TV advertising budget. The asking price for the assets of the business is $180,000 including inventory at cost of $3,500 and all FFE (Furniture, Fixtures & Equipment) valued at $75,000. The seller prefers ALL-CASH but will consider some financing to qualified purchaser. Additionally, the purchaser will also assume TNQ (“The New Quizno's”) remodel loan @ 5.5% approximate balance $3,750 with weekly payments of approximately $37 beginning Jan 2010 for 2 years. The new décor package will be installed in Nov or Dec 2009.
About the Business
Year Established:2002
Employees:11 full time -
Franchise:Yes
Facilities:The ~2000 SF high visibility space is located adjacent to a busy grocery store in a large retail center. The monthly lease is ~$2,541.67 plus approximately $450/mo for CAM. The security deposit is ~$2,451.67. The 10 year lease expires approximately Feb 29, 2012 with a 5-year market renewal options. The purchaser is responsible for any real estate lease application or transfer fees.
About the Sale
Management Training and Support:Comprehensive training is provided by the Franchisor. Initial manager training is required depending on the purchaser s industry skills and experience: 1 week at the Quizno s University in Denver, Colorado and 3 weeks at a regional training store. Here you will learn everything you need to run your franchise. The seller will also provide 2 weeks training.
Reason For Selling:Owner is planning to enter a larger, non-competing business venture.
Seller Financing:Seller prefers all-cash but will consider some financing to qualified purchaser.
Attached Files - Attachment Disclaimer
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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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