Business Summary:
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. There is no transfer fee and the Training is free. The Franchisor will provide 2 weeks of intensive on site training. This is a gold mine.
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| Year
Business was Established: 2004 |
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| Number of Employees:
1 FT 2 PT |
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| Facilities / Terms of Lease:
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. |
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| Potential
Growth/Expansion:
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. |
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| 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. |
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| Owner
willing to finance:
Cash or Bank Financing |
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| Owner
willing to train:
The Franchisor will provide 2 weeks of intensive on site training and continued follow up support. |
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| Reason for selling:
Franchisor is divesting of all Corporate owned stores |
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Seller Reference Number: hfngUGeorgios
BusinessMart.com Listing Number: 39238 |
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on this business
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