Listing ID: 76673
Business Overview
Description:
This American pizza restaurant franchise is the fourth largest pizza delivery restaurant chain in the United States with 5000 locations in 45 countries. This Restaurant is located in a strip center anchored by the National chain Big Box store, and other local retailers. Ample parking to accommodate customers, & provides an opportunity for heavy foot traffic to this restaurant. This business neighbors with plenty of businesses, and residential housing, which makes it a go-to place for its local residents, the business community, and commuters. This being an absentee owner operation offers tons of upside potential for an owner-operator. Take out and delivery only makes this business less labor-intensive and more profitable opportunity.
Equipment: Pizza Oven, Hood, Cash Register with POS, Pizza Prep table, Dough Maker, Dough roller, Walk-in cooler, and much more. A full list of equipment is available with the Listing Broker.
General Information
Organization: LLC | Square Footage:1119 sq. ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit | Hours: 11:00 am to 10:00 pm | Reason for Sale: Other Business Interests | Seating Capacity: None (no dining) | Franchise royalty & marketing fees: 11%,
Franchise Transfer Fee: $4,000 |
Please refer to local COVID-19 guidelines regarding in-door dining restrictions.
Lease Information:
Rent: $2878/month including NNN,
Lease Term: Sellers Lease expiring in 2031 plus ONE 5-year option.
Revenue:
N/A – Asset Sale
Financing: All cash
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
Financial
- Asking Price: $150,000
- Cash Flow: N/A
- Gross Revenue: $360,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: N/A
- Established: N/A
Training available.
Absentee owner. Not able to devote time to the business.
This Business Is An Established Franchise
Additional Info
The sale doesn't include inventory valued at $5,000*, which ins't included in the requested price.
The real estate is leased by the company for $2,878 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. However, the genuine reason vs the one they tell you may be 2 completely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competition, recent decrease in revenues, or an array of other reasons. This is why it is extremely essential that you not depend completely on a seller's word, however instead, utilize the vendor's solution in conjunction with your general due diligence. This will repaint a much more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering things such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that profit margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in brand-new consumers? Many times, companies have repeat consumers, which develop the core of their daily profits. Particular elements such as new competitors growing up around the location, roadway building, and also employee turnover can influence repeat customers and also adversely impact future revenues. One essential thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the higher the chance to build a returning customer base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the neighborhood median home income effect future earnings potential?
