Business For Sale. Fast Food Franchise Restaurant

QUIZNOS FRANCHISE RESALE21;21; CURRENTLY IN ESCROW, BUT SELLER HAS OTHER SO. CAL. LOCATIONS Sales at this QUIZNOS location are now up 20%; over the same period last year21; Located in a centrally located strip center on a major intersection in the rapidly growing Cathedral City area of Palm Springs, this very popular and upscale sub sandwich shop concept is especially targeted at today';s quality-conscious customers who demand a tasty, satisfying and fresher alternative to many of today';s traditional fast food restaurants. Its well-known, name-brand franchisor has a 22-year history of success and was one of the fastest growing sandwich chains for 2003, with over 2500 restaurants throughout the US and thirteen foreign countries, and a new location opening every 16 hours. This is a discretionary sale by an absentee owner with 302B; other locations, as part of a plan to streamline geographic management issues. Seller seeks a solid, entrepreneurial individual interested in owning and personally operating his or her own 15-year full term fast food franchise, ideally a hands-on individual who takes pride in building their own business and serving a quality product to their community. Franchisor requires new franchisees to have a minimum 24;125K net worth with 24;75K in liquid assets and a minimum FICO (BEACON) score of 670 (approximate), no personal bankruptcies, and must pass basic English and math proficiency tests. In addition to the sale price, the Buyer will also pay for a Franchise Transfer Fee (24;6,250), physical upgrade (24;3K - 24;12K), Grand Opening advertising and promotional costs (24;3 - 24;4K), and inventory 26; supplies (24;4K- 24;6K). The buyer will receive 3 weeks of new owner training at a Franchisor-owned location, plus 1 week of training at the Franchisor';s corporate office. By contrast, new franchise owners pay an initial franchise fee of 24;25,000. Average new franchise development and build-out costs are 24;210 K- 24;220K for leasehold improvements, equipment, staff hiring and training and grand opening promotional costs. NOTE: SELLER HAS OTHER SOUTHERN CALIFORNIA QUIZNOS LOCATIONS FOR SALE21; Call or write Brian Gunshor, Sunbelt Business Brokers of Southern Cal 40; 310-539-8300 or bgunshor40;bizsellbroker.com. ACT NOW21;21;