Business Overview:
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.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
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 Competition and Expansion:
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.
Reason for Selling:
Franchisor is divesting of all Corporate owned stores
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.