Owner Financing is Available!
Business Overview:
This is the ONLY gourmet sub shop and deli in the immediate area. This steady and stable business has been established for over 12 years in the same location. It has an outstanding location close to businesses, homes, apartments, and condos. The business occupies 2092 sq ft, which comprises 1480 sq ft of business space and 612 sq ft of common area solarium seating for total seating for 75. 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 or $12,500, whichever is greater (the Seller will pay half of the transfer fee upon an acceptable offer). The new owner could easily establish more 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 commercial and business expansion in Downtown Bellevue. Retiring owner is motivated to sell.
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 and rare downtown Bellevue location. The business occupies 2092 sq ft, which comprises 1480 sq ft of business space and 612 sq ft of common area solarium seating for total seating for 75. Everything is still just like new. The base rent is $2467 plus monthly NNN charges of $1791. The Lease runs till 6/30/2011 and the Landlord will be more than glad to negotiate an option for a qualified Buyer.
Market Competition and Expansion:
This is a rare opportunity to own a thriving business in downtown Bellevue. This is the only gourmet sub shop and deli in the immediate area. It has an outstanding location close to businesses, homes, apartments, and condos. It has been established in the same location for over 12 years and has a great reputation and client base.The new owner could easily establish more on going catering accounts to local businesses and add in some of the local schools in the area and increase the delivery business. This business is in the ideal demographic location and is surrounded by businesses and the booming growth of expansion in Downtown Bellevue.
Reason for Selling:
Owner wants to retire
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.