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Businesses for Sale: Listing Details

 
BLIMPIE’S SUB SHOP & BASKIN & ROBBINS ICE CREAM
Seller: Attn: Kirk or Randi Edwards
Location: North Bend, WA, USA
Listing Number: "hfngNBBlimpies"


Asking Price: $99,000 USD USA Dollars
Industry: Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling: Personal and Family Issues
Year Established: 1996
Number of Employees: 2 Full Time / 10 Part Time
Yearly Revenue: $365,000
Yearly Gross Income: $365,000

Overview:
This store has a co-branding of both a Blimpie’s Sub Shop and a Baskin & Robbin's Ice Cream Franchise. The business is located just off I-90 in the Safe way Shopping Center. There is a huge amount of residential growth in this area and this is a destination stop for many shoppers at the Outlet Stores. Safe way has just finished opening up a gas station this Center and putting a drive-through Starbucks out front, which will increase the traffic to this shopping center. There is soon to be a new Tribal Casino in the area and this will be the main exit used to get to the Casino. This store has a loyal and dedicated clientele and has established some lucrative and dependable catering accounts with local schools, the Indian Reservation, local businesses, and more. Royalty - 6% / Ad Fund 4 % of gross weekly sales and a $7,500 transfer fee. There are 80 hours of in store training and then 10 days of corporate training with Kahala Corporation in Scottsdale, Arizona. The Seller will provide an additional one week of training in the store if it is needed by the Buyer. The new owner could promote the Baskin & Robbins Ice Cream cakes and virtually have no competition in the area. With an aggressive full time owner this business will boom.

Property Features and Assets:
This store has a co-branding of both a Blimpie’s Sub Shop and a Baskin & Robbins Ice Cream Franchise. The business is located just off I-90 in the Safe way Shopping Center. Great design layout with 1,540 square feet and seating for 45. The current owner leases another 100 square feet for storage for $100 per month on a month by month lease. The business has been established for 11 years and the equipment and furnishings are in excellent condition. There is a great Lease with base monthly rent of $3,020 and NNN charges of $729 per month. The current Lease runs till 11/19/2011 and the Landlord will gladly give an option to extend the term.

Market Competition and Expansion:
This is an outstanding location, just across from the Famous Outlet Stores and in the Safe way Shopping Center. There is a new Tribal Casino going in just around the corner and this will be the main exit for that Casino. With the growing residential boom in this area and the popularity of this stop for drivers going over the Pass, this great combination business has very little competition and a huge upside potential. There is a huge amount of residential growth in this area and this is a destination stop for many shoppers at the Outlet Stores. Safe way has just finished opening up a gas station in this Center and putting a drive-through Starbucks out front, which will increase the traffic to this shopping center. There is soon to be a new Tribal Casino in the area and this will be the main exit used to get to the Casino. This store has a loyal and dedicated clientele and has established some lucrative and dependable catering accounts with local schools, the Indian Reservation, local businesses, and more. The new owner could promote the Baskin & Robbins Ice Cream cakes and virtually have no competition in the area. With an aggressive full time owner this business will boom.

Additional Details:

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