Business Overview

Per Franchisor regulations, Buyer needs to contact agent and complete non-disclosure agreement and personal financial statement prior to receiving sales and cash flow information. Little Caesars is one of the largest and fastest the growing pizza carry-out chains in the world with restaurants on five continents. Franchisor requires a minimum of 700 credit score, $250,000 net worth or 70% of purchase price, whichever is higher with $100,000 liquid cash or 20% of purchase price, whichever is higher. IRA and 401K not acceptable as liquid, only items that can be liquidated within 24 hours. Restaurant experience is preferred.

Financial

  • Asking Price: $750,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2015

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:60
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

All FF&E to be in good working condition prior to change over.

Is Support & Training Included:

Franchisor offers 6 weeks of training.

Purpose For Selling:

Other business interests

Pros and Cons:

3 locations - 1 with drive through, 1 freestanding and 1 inline. No remodels necessary.

Opportunities and Growth:

Growth in brand via acquisition of existing units.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was founded in 2015, making the business 7 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. However, the true reason vs the one they say to you may be 2 totally different things. For instance, they may say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or a range of various other reasons. This is why it is extremely vital that you not depend completely on a vendor's word, however rather, make use of the vendor's response along with your general due diligence. This will repaint a more sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Lots of companies finance loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that revenue margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract brand-new clients? Many times, businesses have repeat clients, which form the core of their day-to-day revenues. Specific elements such as brand-new competitors sprouting up around the location, roadway building, and employee turn over can affect repeat customers and also adversely affect future earnings. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the better the possibility to build a returning client base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood median household income influence future income potential?