Quiznos Subs Profitable Excellent Books For Sale

Business description

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 $180,000 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 information

Real Estate:

Lease

Lease terms:

The ~2000 SF 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.

Location:

The ~2000 SF 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.

Size in square feet:

2,000

Other information

Expansion potential:

This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: Promote catering to UTA, Pantego Christian Academy, Arlington High School Targeted Local advertising and marketing Promote catering to local businesses, sports organizations and schools Direct mail surrounding neighborhoods using mail list

Support & training:

Comprehensive training is provided by the Franchisor. Initial manager training is required depending on the purchaser s industry skills and experience: 1 week at the Quizno s University in Denver, Colorado and 3 weeks at a regional training store. Here you will learn everything you need to run your franchise. The seller will also provide 2 weeks training.

Reasons for selling:

Owner is planning to enter a larger, non-competing business venture.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller prefers all-cash but will consider some financing to qualified purchaser

Furniture / Fixtures value:

$75,000 (included in the asking price)

Inventory / Stock value:

$3,500 (included in the asking price)

Related documents:

• 
• Document