#1 Sub Shop Franchise – Free Rent

Port Angeles, WA (Clallam County)

#1 Sub Shop Franchise – Free Rent

Asking Price:$145,000

Cash Flow:N/A

Gross Revenue:$203,784

EBITDA:N/A

FF&E:$50,000

Inventory:$3,000*

Established:1996

*not included in asking price.

#1 Sub Shop Franchise – Free Rent

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Business Description

Much sought after but rarely found #1 Sub Shop Franchise. This is a prime location in the shopping center anchored by Safeway in Port Angeles. The business opened in 1996 and was the first Subway in the city. Up and until the current owner it was the top grossing Subway in the area. The current owner has not been involved in running the business since buying it in 2011. This location and the long history of this business in the area make this an ideal opportunity for a new owner-operator to revive the business back to its old stature. The Seller does not operate the store on a day by day basis and an owner operator would greatly increase the revenues. This is the #1 Sub Sandwich Franchise in America. The business occupies 1300 sq ft with seating for 30. This is an outstanding lease which runs till 8/31/20221 and has two 5 year options to extend. The buyer will receive the benefit of 3 months free rent (9-1-11/30/2016) and reduced rent thereafter. The business has plenty of parking for RV’s, motor homes, and buses making this an ideal spot for the huge tourist crowds going on the Victoria Ferry. The Buyer will receive 2 weeks of intensive State of the Art training at the Franchiser's Headquarters in Connecticut and then one week of onsite training The Franchise fee is 8% - Ad Fund Fee is 4.5% and the Transfer fee is $7,500.$30,000 Price Drop Motivated Seller

Detailed Information

Inventory:
Not included in asking price
Employees:
3 FT / 2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a prime location in the shopping center anchored by Safeway in Port Angeles. The business occupies 1300 sq ft with seating for 30. The business has plenty of parking for RV’s, motor homes, and buses making this an ideal spot for the huge tourist crowds going on the Victoria Ferry The base rent is $2004 per month plus NNN charges of $607 per month. The Lease runs till 8/31/2021 and has two 5 year option to extend the term.
Competition:
This #1 Sub Shop Franchise has no competition
Growth & Expansion:
An owner/operator would make a world of difference for this business.
Support & Training:
The Buyer will receive 2 weeks of intensive State of the Art training at the Franchiser's Headquarters in Connecticut and then one week of onsite training
Reason for Selling:
Owner has other business interests
Franchise:
This business is an established franchise

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Kirk L. Edwards, CBB, CBIS

Business Listed By:
Kirk L. Edwards, CBB, CBIS

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