Business for Sale Overview:
This store has a co-branding of both a Blimpie’s Sub Shop and a Surf City Squeeze (www.KahalaCorp.com). The Surf City Squeeze just opened in September 2007, and has had no time to do any marketing or promotion. This is a great location in popular Bear Creek, neighboring the huge companies of Microsoft, Microvision, Nintendo, Safeco Insurance, Eddie Bauer, UPS, and more. The current owner has set up catering to 4 very large companies in the area that is very lucrative and easy to handle with revenues of over $6,400 per month. The demographics of this area insure that this business will be a booming success with a full time owner / operator. The current owner works less than 10 hours a week. Blimpie was the first submarine sandwich chain in the United States and over forty years has grown to nearly 1,600 locations across the United States. Since 1964, Blimpie service has been simple -- choose only the finest quality meats, cheeses and toppings; and pile them high so our customer gets a fresh, tasty, satisfying sandwich. The management team at SURF CITY SQUEEZE has developed the smoothie business operation with precision. The concept is a successful business location, efficient and appealing design, and a product menu that encompasses health and fitness awareness with new nutritional technologies. Royalty - 6% / Ad Fund 4 % of gross weekly sales and a $5,000 transfer fee. There are 80 hours of in store training and then 10 days of corporate training with Kahala Corporation in Scottsdale, Arizona. The Seller will provide an additional one week of training in the store if it is needed by the Buyer. Easy Seller terms with 50% down - 3 year term and 7% interest.
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 is located in one of Bear Creek’s high profile strip centers with easy access to and from the 520 Interchange. The Blimpie’s Sub Shop has been established since 2003 and with the addition of the Surf City Squeeze this business is poised to boom. The business occupies 1408 square feet and has seating for 35 customers. The base rent on the Lease is $3,181 plus NNN charges of $1,021 per month. The Lease runs till 6/20/2012 and the Landlord is willing to offer an option to extend the term to a qualified Buyer.
Market Competition and Expansion:
This business is located in one of Bear Creek’s dominate strip centers with high visibility and easy access to and from the 520 Interchange. Surrounded by both large and small businesses and bordering on Marymoor Park (the site of many events and festivals) this business can stand up to any competition in the area. BLIMPIE is the only quick-service sandwich chain with a Panini grill and the company is aggressively developing new panini-grilled sandwich options, although any of its traditional sandwiches can be grilled by request. BLIMPIE serves fresh, contemporary, deli-style sandwiches, soups and salads.
The current owner has diligently garnered 4 major catering accounts from large businesses in the area and the new owner could easily add more accounts. With the promotion of the Surf City Squeeze addition to the business old and new customers will have an additional reason to indulge in the exceptional food fare offered. The current owner only works about 10 hours per week and an owner / operator could easily take this business to the next level.
Reason for Selling:
Personal and Family Issues
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.