Business Summary:
This is the ONLY gourmet sub shop and deli in the area. It has an outstanding location close to City Hall, Fred Meyers and Petco – just off Hwy 18. The business occupies 1400 sq ft and has seating for 30. Everything is still just like new. The Franchise Royalty is 7% - the Regional Ad Fund fee is 3% - the National Ad fund fee is 1%. The Franchisor provides 3 weeks of intensive in store training and one week of training at Quizno's University in Denver. The Transfer fee is 10% of the sales price. The new owner could easily establish several on going catering accounts to local businesses and add in some of the local schools in the area. Quizno's is just introducing Pizza to its menu and this will help to stimulate the business This business is in the ideal demographic location and is surrounded by businesses and a booming growth of residential population in the Covington area. The Seller's has another full time job and his wife cannot run two stores and must sell. Seller has over $300,000 invested and this is priced below the cost to build a new location - Seller's loss - You’re Gain.
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| Year
Business was Established: 2002 |
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| Number of Employees:
9 PT |
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| Facilities / Terms of Lease:
This is an outstanding location in the Covington Place Shopping Center. The business occupies 1400 sq ft and has seating for 30. Everything is still just like new. The base rent is $3,381 plus monthly NNN charges of $719. The Lease runs till 8/31/2012 and has two (2) 5 year options to extend. |
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| Potential
Growth/Expansion:
The new owner could easily establish several on going catering accounts to local businesses and add in some of the local schools in the area. Quizno's is just introducing Pizza to its menu and this will help to stimulate the business. This business is in the ideal demographic location and is surrounded by businesses and a booming growth of residential population in the Covington area. |
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| Competition:
This is the only gourmet sub shop and deli in the area. It has an outstanding location close to City Hall, Fred Meyers and Petco – just off Hwy 18. |
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| Owner
willing to finance:
Cash or Bank Financing |
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| Owner
willing to train:
The Franchisor provides 3 weeks of intensive in store training plus one week at Quizno's University in Denver. The Seller will provide 1 week of additional in store training if needed. |
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| Reason for selling:
The Seller's has another full time job and his wife cannot run two stores. |
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Seller Reference Number: hfngCovington
BusinessMart.com Listing Number: 41943 |
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