Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$660,000	Inventory	$20,000**
Gross Income	$613,151	Real Estate
Cash Flow	$106,551	Year Established	2006
FF&E	$250,000*	Employees	2 ft/12 pt

* included in the asking price

** not included in the asking price

This is a great opportunity to buy or become a partner in the rights to open 3 Firehouse Sub restaurants in a fast growing area of Virginia anchored by the first restaurant operational since December 2006, a 2nd location under construction with an opening target of July 2008 and the franchise rights to a 3rd location to be determined. Firehouse Subs is the fastest growing franchise in the USA. Firehouse Subs motif and menu was established by real firemen. The menu consists of the best tried and tested subs from the kitchens of real firehouses. This opportunity is for the sale of the current operational location #1, location # 2 under construction plus a franchise right to a 3rd location to be picked for $660,000. Alternately the current owner will consider a 50% partner and remain as GM. Location #1 is available for $330,000 and assignment of the existing lease. Location #1 had a great 1st year Gross receipts after sales & meal taxes of $613,151 Expenses of $473,687 and a Cash Flow of $106,551. Leased interior space of 2,000 SF in the center of major name tenants Best Buy, Kohl s, Lowe s to name a few. Lease with CAM averages $4,981/Mo plus utilities average $1,091/month. Lease is a 10Y plus 2- 5Y renewal options and is in 2nd Y. Adjacent to a large developing convention, hotel and cultural center that recently was selected as the next location for a Kalahari Resort Indoor & Outdoor water park. Location #2 will be available as a fully equipped Firehouse Sub restaurant ready to open I in July 2008 plus the franchise rights to select location #3 - priced at cost for just $330,000. Location #2 is a dynamite location on US1 with a daily vehicle traffic count of 49,000 and weekend vehicle traffic count of 52,000 (source VDOT 2006 traffic study. Leased space is an end cap of 2,295 SF in a new 3 tenant building at a major travel intersection. Terms of lease is 10Y plus 2 5Y options. Financial statement must be presented prior to consideration.

Facilities: This opportunity includes 2 locations - one operating since 12/2006 and one under costruction and ready to open in 7/2008. Location 1 is fully operational in 2,000 SF Located in a busy Box shopping center Location 2 is an new location taht will be come fully equipped except for inventory and ready to open in July 2008 -in an endcap of a 3 store new Bldg with 2,295 SF, located on US1 at a very busy intersection with high traffic counts and centrally located between 2 new large Box shopping centers.

Competition: Join the hottest sub franchise in America - Firehouse Subs started by Firemen - Firehouse Motif. nothing comparable. Current and new locations are in high traffic and high growth areas.Area growth includes a huge Indooor/Outdoor waterpark by Kalahari Resorts, New Hospital and more. Quiznos and Subway cannot come close to firehouse subs - the mainstay of every firehouse in the USA

Growth/Expansion: This opportunity includes 1 location operational, 1 location under construction opening July 2008 and the rights to open a 3rd location in the area.

Support/Training: Opportunity includes partnership w/current owner rremaining as Gen Manager/Partner or buy out. If buyout Franchise training is 100 hours at corporate restaurant, 6 weeks in training restaurant plus 5 days at Corporate for new Franchisee.

Reason Selling: Developing New Franchise Locations in NOVA & MD