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Business For Sale

Gourmet Sub shop and Deli in Covington

Covington, WA, USA

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$90,000
$264,000
Not Disclosed
Not Disclosed
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
2002
6
68511154
Owner Financing is Available
Cash - Baqnk Financing - Seller terms with $45,000 down - 3 year term - 6%

Business for Sale Overview:

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 20. 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. 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 had no previous food experience and is in over her head- Seller's loss - You’re Gain. Seller financing with $45,000 down, 3 year term, 6% interest.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

This is an outstanding location in the Covington Place Shopping Center. The business occupies 1400 sq ft and has seating for 20. Everything is still just like new. The base rent is $2917 plus monthly NNN charges of $900. The Lease runs till 2/28/2014 and has two (2) 5 year options to extend.

Market Competition and Expansion:

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 new owner could easily establish several on going catering accounts to local businesses and add in some of the local schools in the area. This business is in the ideal demographic location and is surrounded by businesses and a booming growth of residential population in the Covington area.

Reason for Selling:

The Seller had no previous food experience

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.
 

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