SUCCESSFUL - PROFITABLE - U VILLAGE SUB SHOP
Seller:
Attn:
Kirk or Randi Edwards
Location:
Seattle, WA, USA
Listing Number:
"hfngUGeorgios"
Overview:
This business has an outstanding location right in U-Village. There is very little direct competition in the immediate area due to the restrictions of the U-Village. This business is close to the University of Washington, Children's Hospital, and many other businesses and residential areas. The Franchisor is divesting of all Corporate owned stores - his loss- your gain. There is seating for 11 inside and 9 outside. This is a very easy store to operate. The Franchisor has done very little to promote or expand the business due to his obligations to the Franchise. There is a whole untapped market of business to business catering and on-campus catering at the U of W. The store currently caters to the U of W sports teams and Children's Hospital. The Royalty fee is 5% and there in no Ad fund fees. The transfer fee is $5,000. The Franchisor will provide 2 weeks of intensive on site training. This is a gold mine.
Property Features and Assets:
This business has an outstanding location right in U-Village. The business has about 700 square feet and seating for 11 inside and 9 outside. The equipment and fixtures are in excellent condition. The base monthly rent is $2,750 plus NNN charges of $500 per month. The Lease runs till 11/15/2009 and has a 5 year option to extend the term.
Market Competition and Expansion:
There is very little direct competition in the immediate area due to the restrictions of the U-Village. This has a prime location close to the University of Washington, Children's Hospital, and many other businesses and residential areas. The current owner is the Franchisor and he has done very little to promote or expand the business due to his obligations to the Franchise. There is a whole untapped market of business to business catering and on-campus catering at the U of W. The store currently caters to the U of W sports teams and Children's Hospital.
Additional Details:
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