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Business For Sale
QUIZNO'S
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Asking Price: |
$149,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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other interests |
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Year Established:
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2004 |
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# of Employees:
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5 |
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Yearly Revenues:
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$103,804 |
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Yearly Net Profit:
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$8,344 |
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Monthly Payroll:
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$6,898 |
Business for Sale Overview:
This Quizno's is on a very busy street across from a mall. It is in a high foot traffic business area. The owners have successfully run it absentee since they bought it. The upside for this store would be to develop a catering business. The owners haven't spent much time developing catering in this store as they did in their other Quizno's. The asking price has been set below market price and his initial investment. The lease goes until 2010 plus 10 years option with only 3% a year increases. Sales have been consistently over $400,000. Training is one week at Quizno's training center in Denver and two weeks in a local training store. No experience will be required because the franchise will train. Owner operator/manager can take it to new heights. The shop is fully equipped with new equipment and shows very well. Seller is motivated.
Property Features and Assets:
The lease goes until 2010 plus 10 years option with only 3% a year increases.
Market Competition and Expansion:
The upside for this store would be to develop a catering business. The owners haven't spent much time developing catering in this store as they did in their other Quizno's. The asking price has been set below market price and his initial investment. Sales have been consistently over $400,000.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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