Sub Shop in Outstanding Location High Profits For Sale

Business description

Located close to the Tulalip Casino, New 5 Star Hotel, and the new Outlet Mall this sub shop and deli has great exposure. This business has an upscale, yet comfortable, atmosphere with top of the line equipment and fixtures. There is approximately 1430 sq ft with seating for 38. There is virtually no competition in the immediate area of this business. The current owner has done an excellent job of providing a great product and excellent service to the existing clients. They have also do catering to the businesses and residences in the area. Royalty fee is 5 ½ % and Ad Fund fee is 1%. Transfer fee is $5,000 and Seller will pay half on a full price offer. Business is booming. This is a steal!

Franchise terms

The Franchise royalty fee is 5 1/2% and the Ad fund fee is 1%. The training provided by the Franchisor is Four (4) weeks at Reno or Las Vegas, NV or Phoenix, AZ and five to ten (5-10) days of on site training in the store. The Seller will assist the Franchisor with the in store training. The transfer fee is $5,000 and the Seller will pay half on a full price offer.

Property information

Real Estate:

Lease

Lease terms:

Located close to the Tulalip Casino, new 5 Star Hotel, and the new Outlet Mall this sub shop and deli have great exposure. This business has an upscale, yet comfortable, atmosphere with top of the line equipment and fixtures. There is approximately 1430 sq ft with seating for 38. The base monthly rent is $2,980 plus NNN of $373 per month. The Lease runs till 5/31/2008 and has a two (2) 5 year options to extend the term.

Location:

Located close to the Tulalip Casino and the new Outlet Mall this sub shop and deli have great exposure. . It is located at the entrance of the drive that leads to the Casino and the Outlet Mall. It is surrounded by many large businesses like Home Depot and Wal-Mart.

Other information

Expansion potential:

The current owner has done an excellent job of providing a great product and excellent service to the existing clients. They have also do catering to the businesses and residences in the area. The new owner can promote more catering and increase the gross revenue substantially. The Casino is building a huge 5 Star hotel just down the road from this shop and that will help to increase the business.

Competition / Market:

There is virtually no competition in the immediate area of this business. It is located at the entrance of the drive that leads to the Casino and the Outlet Mall. It is surrounded by many large businesses like Home Depot and Wal-Mart.

Support & training:

The training provided by the Franchisor is Four (4) weeks at Reno or Las Vegas, NV or Phoenix, AZ and five to ten (5-10) days of on site training with the Regional Manager for the Franchisor. The Seller will assist with the on - site training from the Franchisor.

Reasons for selling:

Seller is relocating to be closer to their family

Trading hours:

10am - 8 pm (Mon - Sat) 11am - 5 pm (Sun)

Financing available:

Cash or Bank Financing - Possible Seller terms with a qualified Buyer

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$3,500