Owner Financing is Available!
Business Overview:
THIS QUIZNOS BUSINESS TO BE SOLD by OWNER on SUNDAY April 25th to Highest Bidder. To Hear Free 24 hours RECORDED INFORMATION, Call 1-888-291-8675 or www.megabite-rb.com and click on "FSBO".
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a quick service sandwich sub shop in Preston Village Shopping Center in Plano, Texas. Quiznos Subs #830 was founded in approximately 2003. The founder was a Dr who purchased the business for a family member. The current owner purchased the business in December 2008 to add a second store to his existing Quiznos # 203 located in Plano at Parker/Custer. The business has been generating a consistent sales volume but the current owner has not been able to work hands-on because he is employed full-time elsewhere. 2009 Annual Net Sales are approximately $283,779 with an owner/operator cash flow of approximately $38,939. (Owner/operator means that YOU are the store manager.) EXCELLENT books & records. Seller reports that cash/credit cards split 50%/50%. Approximately 10% of sales are catering/delivery. Quiznos offers delicious, chef-inspired subs, soups, and salads, made with the freshest ingredients. Famous for their toasted subs, Quiznos is the second largest submarine sandwich shop chain in North America. The franchise traces its roots to 1981 in Denver and now numbers 5,000 plus restaurants worldwide. Quiznos Subs #830 is well-maintained by the owner and features a large, repeat customer base. Quizno’s stores are supported by a $90 Million plus national TV advertising budget. SELLING PRICE $50,000: $25,000 down & $25,000 seller-financed or $30,000 ALL-CASH PRICE NOTE: please DO NOT contact store employees or management. Owner requests ALL contact to be through broker.
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 consists of a dining area, main sandwich prep and heating area, kitchen, 2 separate restrooms, walk-in approximately 5’x7’ refrigeration and approximately 5’x7’ freezer, office and dry goods storage area. The facility is well-designed and functional. The approximately 1,492 Square Feet high visibility space is located adjacent to Tom Thumb in the Woodland West Center. The monthly lease is approximately $2,859 plus approximately $661 per month for NNN. The security deposit is approximately $3,635.51. The 5 year lease expires approximately July, 2014.
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, Expand hours to 8 or 9 pm (currently closes at 6 pm), Upgrade to The New Quiznos (TNQ) concept approximately $3,000, Promote catering to Plano ISD, Frisco ISD and Lewisville 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:
Owner is employed full-time.
Additional Details:
- The property is owned.
- The owner is not 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.