Owner Financing is Available!
Business Overview:
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a quick service sandwich sub shop in Parker Plaza West Shopping Center in Plano, Texas. Texas Dept of Motor Vehicles and is a daily source of new customers. The store was founded in approximately 2003. The current owner purchased the business in May 2008 with no prior food experience. The business has been generating a consistent sales volume but the current owner has not been able to work hands-on in the business. He is currently employed fulltime for in an unrelated business. Quizno’s offers delicious, chef-inspired subs, soups, and salads, made with the freshest ingredients. Famous for their toasted subs, Quizno’s is the second largest submarine sandwich shop chain in North America. The franchise traces its roots to 1981 in Denver and now numbers 5000+ restaurants worldwide. Quizno’s Subs #1203 is well-maintained by the owner and features a large, repeat customer base. Quizno’s stores are supported by a $90 Million+ national TV advertising budget. The asking price for the assets of the business is $45,000. The assets include inventory at cost of $3,000 and FFE (Furniture, Fixtures and Equipment) valued at $15,000. Purchase is responsible to pay up to $12,500 franchise transfer fees.
Comprehensive training is provided by the Franchisor. Initial manager training is required depending on the purchaser’s industry skills and experience: 1 week at the Quizno’s University in Denver, Colorado and 3 weeks operational training at a regional training store. Here you will learn everything you need to run your franchise.
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 space seats 58 and consists of a dining area, main sandwich prep and heating area, kitchen, 2 separate restrooms, walk-in ~5’x7’ refrigeration and ~5’x7’ freezer, office and dry goods storage area. The facility is well-designed and functional.The ~1800 SF space is located adjacent to in the Parker Plaza West Strip Center. The monthly lease is ~$3,477 incl NNN. The security deposit is ~$6487.12. The 10 year lease expires approximately Dec 31, 2018. The purchaser is responsible for any real estate lease application or transfer fees.
Market Competition and Expansion:
This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: Hands-on Owner/operation, Local Store marketing, Continue marketing to Auto dealers for Saturday catering orders, Upgrade to The New Quiznos (TNQ) concept ~$3k, Promote catering to Plano ISD, Targeted Local advertising and marketing, Promote catering to local businesses, sports organizations and schools, Direct mail surrounding apartments and neighborhoods using mail list.
Reason for Selling:
Employed full-time in a non-related 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.