Business Summary:
This sub shop has the best location in Downtown Seattle - right on the corner of the busiest intersection in town. Due to the fabulous and convenient location in the heart of downtown Seattle\\\\\\\'s business district this sub shop is a favorite for office workers, tourists, and shoppers. Absentee owner had to take this store back from previous Buyer and must sell ASAP. Seller terms with $100K down – 2 year term – 6%. The volume for this sub shop is over $1,100 per day and increasing daily. With the continued expansion and building of new office buildings in the downtown area the outlook for this business is extremely bright. The current absentee owners have done no catering or delivery to the local office buildings. This is a Local Franchise with a 5% Franchise fee – No Ad Fund fees - $5,000 transfer fee and 2 weeks of on site training by the Franchisor and one week by the Seller. With an owner operator this business could skyrocket to new levels.
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| Year
Business was Established: 2002 |
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| Number of Employees:
3 FT / 2 PT |
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| Facilities / Terms of Lease:
This sub shop has the best location in Downtown Seattle - right on the corner of the busiest intersection in town. The equipment and furnishings are in excellent shape. The facility is 779 sq ft with seating for 15 customers. The base rent on the Lease is $4,640 per month plus NNN charges of $1,150 per month. The Lease runs till April 30, 2012 with no rent increases. There is a 5 year option to extend. |
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| Potential
Growth/Expansion:
The volume for this sub shop has increased daily. With the continued expansion and building of new office buildings in the downtown area the outlook for this business is extremely bright. The current absentee owners have done no catering or delivery to the local office buildings. With an owner operator this business could skyrocket to new levels, |
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| Competition:
Due to the fabulous and convenient location in the heart of downtown Seattle\\\\\\\'s business district this sub shop is a favorite for office workers, tourists, and shoppers. There is very little direct competition. |
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| Owner
willing to finance:
Cash - Bank Financing - Seller terms with $100,000 down, 2 year term, at 6% |
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| Owner
willing to train:
The Franchisor will provide 2 weeks of intensive on site training and the Seller will provide an additional week of in-store training after closing. |
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| Reason for selling:
Absentee owner just took this business back from the previous owner and must sell ASAP |
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Seller Reference Number: hfngDntnSub
BusinessMart.com Listing Number: 72972 |
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on this business
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