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Successful - Profitable - U Village Sub Shop
| Asking Price: | $75,000 | Inventory: | $2,000 ** |
| Gross Revenue: | $223,405 | Real Estate: | n/a |
| Cash Flow: | $64,538 | FF&E: | $50,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This business has an outstanding location right in U-Village. There is very little direct competition in the immediate area due to the restrictions of the U-Village. This business is close to the University of Washington, Children's Hospital, and many other businesses and residential areas. The Franchisor is divesting of all Corporate owned stores - his loss- your gain. There is seating for 11 inside and 9 outside. This is a very easy store to operate. The Franchisor has done very little to promote or expand the business due to his obligations to the Franchise. There is a whole untapped market of business to business catering and on-campus catering at the U of W. The store currently caters to the U of W sports teams and Children's Hospital. The Royalty fee is 5% and there in no Ad fund fees. No transfer fee. The Franchisor will provide 2 weeks of intensive on site training. This is a gold mine.
About the Business
Year Established:2004
Employees:1 full time - 2 part time
Franchise:Yes
Facilities:This business has an outstanding location right in U-Village. The business has about 700 sq feet and seating for 11 inside and 9 outside. The equipment and fixtures are in excellent condition. The base monthly rent is $2,750 plus NNN charges of $500 per month. The Lease runs till 11/15/2009 and has a 5 year option to extend the term.
Market Outlook and Competition:There is very little direct competition in the immediate area due to the restrictions of the U-Village. This has a prime location close to the University of Washington, Children's Hospital, and many other businesses and residential areas.The current owner is the Franchisor and he has done very little to promote or expand the business due to his obligations to the Franchise. There is a whole untapped market of business to business catering and on-campus catering at the U of W. The store currently caters to the U of W sports teams and Children's Hospital.
About the Sale
Management Training and Support:The Franchisor will provide 2 weeks of intensive on site training and continued follow up support.
Reason For Selling:Franchisor is divesting of all Corporate owned stores
Seller Financing:Cash or Bank Financing or Seller terms with $50,000 down - 5 year terms - 5%
KEYWORDS: food, fast food, restaurant, restaurants, franchise, food franchise, restaurant franchise, sandwiches shop, sub shop, Georgio’s, retail, service, sub shop franchise
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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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