Owner Financing is Available!
Business Overview:
What can I say - this is a STEAL!! Absentee Seller is burned out and has another business he has to run. Very well established and loyal clientele base for the new owner to build upon. This sub shop is in a large shopping center with lots of foot traffic, just doors away from Starbucks, and has great visibility. The business occupies 873 sq feet and has seating for 20, it is fully equipped and in pristine condition. The Franchise is a local franchise and provides extensive 2 week training locally, and the Seller will provide an additional week, if needed, by the Buyer. The Royalty fee is 5% of the gross sales and there is no Ad Fund fee. The transfer fee is $5,000 and the Seller will pay the transfer fee. The current owner has done no promotion or advertising in many years. This is a turn key opportunity for a Buyer that wants to get in to a sub shop and have built in equity. With some promotion, community involvement, and the addition of catering and delivery this business could be a gold mine. In addition the Seller is throwing in the rights to the Master Franchise for the Sub Shop and Paoli’s Pizza. This includes royalties for 10 stores, some are paying and some are not, but could easily bring in another $7,000 per month in revenues. The current owner is the process of getting everyone on board to pay their fees. The Master franchises are not current with the State of Washington and would have to be updated and re-filed in order to open up more stores; however, the owner of the Master Franchises can still collect royalties.
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 business has been located in the same place for 15 years and has developed a loyal and reliable clientele base. It is located in one of the busiest shopping centers in the town and has easy ingress and egress for the customers. The business occupies 873 sq feet and has seating for 20, it is fully equipped and in pristine condition. The base rent is $2,037 per month and the NNN charges are $483 per month. The Lease runs till 11/04/2011 and has a two (2) 5 year option to extend the term. The Lease transfer fee is $500 and the Seller will pay half.
Market Competition and Expansion:
This business has been located in the same place for 15 years and has developed a loyal and reliable clientele base. It is located in one of the busiest shopping centers in the town and has easy ingress and egress for the customers.There is no direct competition in the shopping center and there are no other sub shops in the area. That makes this the only game in this section of town.The sky is the limit for an aggressive new owner. The current owner is not involved in the operation of the business, due to having his own business to operate. This business has been located in the same place for 15 years and has developed a loyal and reliable clientele base. Just by injecting some new enthusiasm and some marketing the business will increase. Then if catering and delivery are added as services the business should flourish. There are a number of schools and churches in the area that could be brought on board as regular accounts too. The ground work is ready for the next owner to really profit from this established business. In addition, the new owner can start collecting royalties, immediately from the 10 stores in the Franchise. This could amount to over $7,000 per month in additional income. And if the new owner wanted to renew the Master Franchises he could start selling additional franchise locations for both the Sub Shop and Paoli’s Pizza.
Reason for Selling:
The Seller is burned out and has another business
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.