Listing ID: 80273
Great opportunity to own an attractive, almost absentee owned, pizza franchises with a full bar in a desirable area of Grant Park. One of the businesses is in a Mixed-use Development with heavy foot traffic and adjacent to well-known establishments such as 6 feet under, farm burger and much more and the second one is located in Marietta next to Wellstar kennestone Hospital and adjacent to national and international brand restaurants, The business also has a catering trailer with $30,000 brick oven and other equipment.
This well-established franchised business has consistent and provable gross revenues, easy operations, absentee ownership, great lease terms, suitable location along with opportunity for expansion and growth presenting an attractive acquisition opportunity.
Perfect for an owner operator, current ownership is almost absentee and engage only in a managerial and oversite capacity. Therefore, this business is 100% employee run.
An incoming owner operator may reduce operating expenses by managing payroll related expenses, generate additional revenues through enhanced customer service potentially resulting in higher gross revenues and a corresponding higher bottom line. The business was established in January of 2019, average monthly sales of 60k for the last few months and going up steadily in one location and average $45,000 in monthly sales in the second location. An owner operator can turn this opportunity into a goldmine. More than 600k in FFEs that includes walk-in cooler, freezers, brick pizza oven, gelato display cooler, full bar and so much more.
Join a brand with over 75 existing locations and over 50 new locations currently in development and planning on opening in the next 6 months +/-. Benefit from the time-tested methods and recipes from this franchise with their pies made from the finest ingredients, like 100% mozzarella cheese and dough made fresh daily, freshest ingredients and hand tossed dough, individually sized and delivered to the table hot from the 800-degree brick oven.
A transfer fee of $10,000 that includes the cost of training and get the remaining term of the licensing agreement, training of 4 weeks in their Metro Atlanta headquarters and ongoing support from the brand.
PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.
Attention Business Owners: We are always in search of quality businesses to sell, so if you are thinking of selling your business or would like to acquire another business, please call us to discover the difference that is.
- Asking Price: $555,000
- Cash Flow: N/A
- Gross Revenue: $1,247,766
- EBITDA: N/A
- FF&E: $630,000
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:26
- Furniture, Fixtures and Equipment:N/A
One restaurant is 2,400 square feet located in Grant Park and the second one is 2,500 square feet and located in Marietta next to Wellstar kennestone hospital., Long term leases in place. Both establishment have a full bar, large patios and ample parking.
4 weeks by the franchisor and ongoing support.
These well established franchised businesses has consistent and provable gross revenues, easy operations, absentee ownership, great lease terms, suitable location along with opportunity for expansion and growth presenting an attractive acquisition opportunity
There is plenty of growth and expansion available with more social media presence.
This Business Is An Established Franchise
The business was established in 2019, making the business 3 years old.
The transaction won't include inventory valued at $10,000*, which ins't included in the requested price.
The business has 26 employees and is situated in a building with approx. square footage of N/A sq ft.
The property is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. However, the real factor and the one they tell you might be 2 totally different things. As an example, they might state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of various other reasons. This is why it is extremely crucial that you not count completely on a vendor's word, yet instead, use the seller's solution along with your overall due diligence. This will repaint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money with the purpose of covering points such as inventory, payroll, accounts payable, etc. Remember that in some cases this can imply that profit margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There may 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 cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract brand-new consumers? Most times, businesses have repeat customers, which form the core of their day-to-day revenues. Certain factors such as brand-new competitors growing up around the location, road construction, as well as staff turnover can affect repeat consumers as well as adversely influence future revenues. One crucial thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the higher the chance to develop a returning client base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Exactly how might the local average home income effect future revenue potential?