Login | Register | Advertise / Create a Listing | Contact    
Find Listing #      
November 20, 2008    
« Return to Listings # of Views: 278    
RESTAURANT FOR SALE

Turn Key Quizno's Sub Store in East Bay Area!

Listing SR1257 Add to Favorites Printable Page Send to a Friend Return to Listings
Selling Restaurants is proud to present this Quiznos franchise. It is well known Quiznos franchisees are struggling in part due to competition in the premium sandwich market but primarily due to poor leadership at the Quiznos corporate level. Every major franchise has its struggles as did Subway back in the early 90's. The timing to buy a Quiznos is perfect right now! Early in 2007 the old Quiznos Corporate regime had a reputation of treating franchisees like pests rather than partners were booted-out. A new management team was put in place and almost immediately things began to change for the good. The menu was revamped and made simpler, helping franchisees reduce food and labor costs. New products are being developed to compete against other sandwich shops. The franchisor is now franchisees friendly with an attitude the franchisees are their life-blood. So the only question is whether to buy a Quiznos while the brand has taken a beating and the prices are low or whether to wait and watch the brand turn around and regret not buying when the prices were low. This Quiznos is located retail shopping center next to a major highway access. Most of the customers are office employees and truck drivers, and warehouse employees from nearby commercial distribution centers. The premise has 1,140 sq/ft with base rent of $3,705 per month plus CAM. The lease expires on 04/15/2016 with two 5 years options. The dining room is able seats 35 customers and patio could able seats 8 customers. They have 3 full time and 4 part time employees and open 6 days a week. Sellers can't manage the store because they have a regular full-time career. Please click “Sign Confidentiality Agreement” to obtain business address and review more photos.


General Information
Listing Status: Available
Price: $140,000
Location: San Franciso Bay Area - East
Last Year's Annual Gross: $350,000
Lease Information: Expires 04/15/2016 + Two 5 yr option
Base Monthly Rent: $3,705
Indoor Seating: 35
Outdoor Seating: 8
# of Part-Time Employees: 4
# of Full-Time Employees: 3
Hours Open: Mon-Sat 11am to 8pm. Sunday Closed.
Year Established: 2007
Sqft: 1140
Hood System: No
Highlights
  • Turn key Quiznos franchise business in retail center.
  • The location is nearby major highway access.
  • Store is surrounded by offices and commercial distribution warehouses.
  • Store operates 6 days a week.
  • 3 full time and 4 part time employees.
  • Most of the equipment is just over one year new and paid for.
  • Premise has 1,140sq/ft and able seats 35 customers plus patio for 8 customers.
  • Remaining lease expires on April 15, 2016 with two 5yrs options.
  • The base rent is $3,705 per month plus CAM Charge.
  • $350,000 Annualized Sales in 2008.
  • Please click “Sign Confidentiality Agreement” to obtain business address now.

Share this listing with this link:

If you'd like the address & name, select this button:
If you are new here, select this button:



Restaurant Broker | Restaurants For Sale



 

The information contained in this offering profile was provided by the Seller and is believed to be accurate. Paramount Restaurant Brokers, Inc. has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer. Please note: (1) Sq. ft. is estimated (2) Adj. Net represents the last year's owner's cash flow (3) Annual Payroll is last year's and does not include any owner wages.

 

The Best Place to Buy or Sell a Restaurant, Bar or Nightclub!