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This Subway Franchise Has Been Established In The Same Location For Approximately 20 Years. The Deli Has Excellent Visibility Facing Busy Freeport Blvd.
While Most Food And Beverage Type Businesses Are Suffering Large Decreases In Sales Due To The Economic Downturn, Subway Franchisees As A Whole Have Seen Double Digit Sales Increases Over The Past Two Years (2007 - 2008). This Is Most Likely Due To The Customer’s Perception Of Subway Offering An Excellent Value In Terms Of The Product Quality And Price. Also, The Franchise Was Quick To Adapt Its Marketing Strategy To The Changing Economy. Fixed Overhead Including Rent Is Very Reasonable For This Location. The Restaurant Has Been Under The Current Ownership Since Early 2006.
One Of The Owners Has Others Businesses. They Have Made The Decision To Sell So That They Can Simplify Their Lives And Responsibilities.
Occupies: Approx. 1,400 Sf. Retail Center Facing
Lease: Approx. 2,671 Including Cam/NNN
Lease Term Though 2011with One 5-Year Option. 3% Annual Increases.
Seats: 20 Inside
Hours: Monday-Thursday 8 AM - 8 Pm
Friday 8 Am- 7:30 PM Saturday 9 AM - 7pm
Sunday 10:30 AM - 6:00 Pm.
Staffing: 1 Owner/Manager (On Payroll).
4 Pt Employees. 1 Absentee Owner.
Franchise: Royalty Fee 8%, Marketing Fee 4.5%. Training Requirement 2 Wks - Connecticut. Transfer Fee Of 7,500. Term Is 20 Years And Is Renewable.
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