GOURMET SUB SHOP AND DELI IN COVINGTON
Seller:
Attn:
Kirk or Randi Edwards
Location:
Covington, WA, USA
Listing Number:
"hfngCovington"
Overview:
This is the Only gourmet sub shop and deli in the area. It has an outstanding location close to City Hall, Fred Meyers and Petco – just off Highway 18. The business occupies 1,400 square feet and has seating for 30. Everything is still just like new. The Franchise Royalty is 7% - the Regional Ad Fund fee is 3% - the National Ad fund fee is 1%. The Franchiser provides 3 weeks of intensive in store training and one week of training at Quiznos University in Denver. The Transfer fee is 10% of the sales price. The new owner could easily establish several on going catering accounts to local businesses and add in some of the local schools in the area. Quiznos is just introducing Pizza to its menu and this will help to stimulate the business. This business is in the ideal demographic location and is surrounded by businesses and a booming growth of residential population in the Covington area. The Seller's has another full time job and his wife cannot run two stores and must sell. Seller has over $300,000 invested and this is priced below the cost to build a new location - Seller's loss - You’re Gain.
Property Features and Assets:
This is an outstanding location in the Covington Place Shopping Center. The business occupies 1,400 square feet and has seating for 30. Everything is still just like new. The base rent is $3,381 plus monthly NNN charges of $719. The Lease runs till 8/31/2012 and has two (2) 5 year options to extend.
Market Competition and Expansion:
This is the only gourmet sub shop and deli in the area. It has an outstanding location close to City Hall, Fred Meyers and Petco – just off Highway 18. The new owner could easily establish several on going catering accounts to local businesses and add in some of the local schools in the area. Quiznos is just introducing Pizza to its menu and this will help to stimulate the business. This business is in the ideal demographic location and is surrounded by businesses and a booming growth of residential population in the Covington area.
Additional Details:
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