Owner Financing is Available!
Business Overview:
What can I say – this is the best priced Sub Shop in Seattle. Partnership dissolution forced immediate liquidation by the Seller – his loss your gain. This is an outstanding location in the Wallingford area with high visibility and great walk by traffic. This area is home to many businesses, apartments, homes, and condos with a demographic make up that insures the success of this business. The owner has just remodeled and upgraded the business. Everything is like new. The previous owner had allowed the business to become run down and the service to fall off, but the new owner has turned all that around and the sales are increasing every month. The gross revenues are up over 16% from last year. This is the only #1 Sub Shop Franchise in this area. There is virtually no competition in this area. This is the #1 Fast Food Franchise in America. The business occupies 1100 sq ft with seating for 20. The new owner could easily add a delivery service which is in huge demand in this area. The Franchise fee is 8% - Ad Fund Fee is 4.5% and the Transfer fee is $7,500. This is priced to sell fast.
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:
The business has an outstanding location in the much sought after Wallingford area. The owner has just remodeled and upgraded the business. Everything is like new. It is surrounded by offices, businesses, apartments, homes and condos. The business occupies 1100 sq ft t with seating for 20. The base monthly rent is $2,444 plus NNN charges of $394 The Lease runs till 3/31/2015 with two 5 year options to extend the term.
Market Competition and Expansion:
This is an outstanding location in the Wallingford area. The Wallingford area is home to many businesses, apartments, homes, and condos with a demographic make up that insures the success of this business. This is the only #1 Franchise shop in this area.
The current owner has done very little promotion or advertising in the time he has owned this business. He is totally absentee and does not participate in the business on a day to day basis. The previous owner had allowed the business to become run down and the service to fall off, but the new owner has turned all that around and the sales are increasing every month. The gross revenues are up over 16% from last year. The new owner could certainly promote the service to the Community, more of the businesses in the area, and the people who live in the area. There is a big need for a delivery service in this area and the new owner could add this service. There is also the opportunity of catering to the businesses and residents in the area.
Reason for Selling:
Partnership Dissolution and Seller is moving.
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.