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Gourmet Sub shop and Deli in Mill Creek

Mill Creek, Washington (Snohomish County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price $50,000 Inventory $3,500** 
Gross Income $391,581 Real Estate  
Cash Flow $53,383 Year Established 2005
FF&E $75,000* Employees 0 ft / 8 pt

* included in the asking price

** not included in the asking price

This is the ONLY gourmet sub shop and deli in the area. It has an outstanding location across from the Central Market and right on the entrance to the new Towne Center. The business occupies 1500 sq ft and has seating for 32. It opened in Oct of 2005 and 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 Franchisor provides 3 weeks of intensive in store training and one week of training at Quizno's University in Denver. The Transfer fee is $12,500. The Seller has already established several on going catering accounts to local businesses and the new owner could easily increase this and add in some of the local schools in the area. Quizno's 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 in the Towne Center and a booming growth of residential population in the Mill Creek area.The Seller's husband has been deployed to Iraq and must sell. Priced below the cost to build a new location - Seller's loss - Your Gain.

Facilities: This is an outstanding location in the new Mill Creek Towne Center. The business occupies 1500 sq ft and has seating for 32. It opened in Oct of 2005 and everything is still just like new. The base rent is $3,938 plus monthly NNN charges of $962. The Lease runs till 10/30/2015 and has two (2) 5 year options to extend.

Competition: This is the only gourmet sub shop and deli in the area. It has an outstanding location across from the Central Market and right on the entrance to the new Towne Center.

Growth/Expansion: The Seller has already established several on going catering accounts to local businesses and the new owner could easily increase this and add in some of the local schools in the area. Quizno's 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 in the Towne Center and a booming growth of residential population in the Mill Creek area.

Financing: Cash or Bank Financing

Support/Training: The Franchisor provides 3 weeks of intensive in store training plus one week at Quizno's University in Denver. The Seller will provide 1 week of additional in store training if needed.

Reason Selling: The Seller's husband has been deployed to Iraq.

Business listed by

Kirk or Randi Edwards

206-571-4745


KR Business Brokers


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