Quizno's Subs - profitable, excellent books #19087

Reason for Selling:

Owner is planning to enter a larger, non-competing

Overview of the Business:

Quick service sandwich sub shop in a busy center in Arlington, Texas anchored by strong Tom Thumb. This store is immaculately maintained by the owner and features a large, repeat customer base. The business has experienced steady growth since opening. Quizno's offers delicious, chef-inspired subs, soups, and salads, made with the freshest ingredients. Famous for their toasted subs, Quizno's is the second largest submarine sandwich shop chain in North America. The franchise traces its roots to 1981 in Denver and now numbers 5000+ restaurants worldwide. Quizno's stores are supported by a $90 Million+ national TV advertising budget. The asking price for the assets of the business is $99,500 ALL-CASH + $12,500 Franchise transfer fee including inventory at cost of $3,500 and all FFE (Furniture, Fixtures & Equipment) valued at $75,000. The seller prefers ALL-CASH but will consider some financing to qualified purchaser. Additionally, the purchaser will also assume TNQ (“The New Quizno's”) remodel loan @ 5.5% approximate balance $3,750 with weekly payments of approximately $37 beginning Jan 2010 for 2 years. The new décor package will be installed in Nov or Dec 2009.

Property Features and Assets:

The ~2000 Sq. Ft. high visibility space is located adjacent to a busy grocery store in a large retail center. The monthly lease is ~$2,541.67 plus approximately $450/mo for CAM. The security deposit is ~$2,451.67. The 10 year lease expires approximately Feb 29, 2012 with a 5-year market renewal options. The purchaser is responsible for any real estate lease application or transfer fees.

Additional Details: