Description of the business for sale
Quiznos Sub is the number two sandwich franchise in the country after Subway. This store has been open over three years, and is a complete turnkey operation that was doing $1,000 a day in 2006.The store is the largest in Pinellas County, and occupies 1,750 square feet of space in a strip center in the Seminole Plaza shopping mall in the heart of Seminole, Florida. The rent is $2,800/month, including CAM, on a 10 year lease with two 5 year options.
The owner has a serious health situation and sold the business last year but the buyer defaulted. Because of the distressed nature of the sale, the business is priced well below the owner's original $285,000 investment to open it, buy furniture, fixtures and equipment and do the required leasehold improvements. The price includes a documented and provable $132,000 in leasehold improvements and $78,000 in FF&E.
There is one manager (owner) and 8 part time employees. The business is thoroughly documented, including detailed financial reports as required by Quiznos Corporate. Buyer must be approved by Quiznos Corpporate nd undergo training to assuume fr4anchise.
This is an exceptional opportunity to own your own business and be your own boss, and at a price about one-third of the cost of opening a new franchise. This is not a start-up situation, but an established business that has provable income and expense information and other owner benefits.
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Support / Training provided by seller
Buyer must be approved by Quiznos, and must undergo training, including training at Quiznos Corporate in Denver, CO to assume the franchise. Owner will stay on for up to one month of familiarization and training, at no cost, to assist a new buyer. Quiznos has established procedures for reporting and accounting purposes, including very thorough financial documentation. The company will assist a franchisee with advertising, inventory control, purchasing and marketing and other matters, as well as being a source of information on most matters pertaining to owning and operating a successful business.
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Description of the facilities
A fully equipped/furnished national sandwich shop franchise of Quiznos Sub, second largest sandwich shop franchise after Subway. In 1,750 sq ft of space (largest Quiznos in Pinellas County,most densely populated county in Florida)in the Seminole Plaza shopping mall, anchored by a Burlington Coat Factory and a T.J. Max. Rent is only $2,800/month including CAM, on a 10 year lease w/two 5 year options. In 2006 the store was doing $1,000/day in sales but was sold in early 2007 due to the owner's deteriorating health situation. The buyer ended up in default, couldn't get Corporate approval to assume the franchise, forcing seller to reluctantly take back the business. It is priced to sell quickly, at well below seller's original $285,000 investment. An exceptional business at a great price.
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