Listing ID: 80279
Great opportunity to own an attractive, almost absentee owned, pizza franchise with a full bar in a desirable area of Grant Park. The business 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.
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, an owner operator can turn this opportunity into a goldmine. More than 300k 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: $275,000
- Cash Flow: N/A
- Gross Revenue: $707,090
- EBITDA: N/A
- FF&E: $317,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,200
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
2,200 square feet end-cap space with a beautiful large patio, located in Grant Park in well established Mixed use development. Over $600,000 was spent in putting this establishment together and it can be yours for $275,000 which is less than the value of the FFEs.
4 weeks by the franchisor and ongoing support.
There is plenty of growth and expansion available with more social media presence.
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
This Business Is An Established Franchise
The venture was founded in 2019, making the business 3 years old.
The sale will include inventory valued at $5,000, which is included in the suggested price.
The business has 16 employees and is located in a building with estimated square footage of 2,200 sq ft.
The real estate is leased by the business for $6,900 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. However, the true reason vs the one they say to you may be 2 absolutely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be reasons to try to conceal the reality of transforming demographics, increased competitors, current reduction in incomes, or an array of various other factors. This is why it is very important that you not count entirely on a vendor's word, yet rather, use the seller's answer together with your total due diligence. This will repaint a more practical image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses take out loans in order to cover items such as stock, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that revenue margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new customers? Often times, operating businesses have repeat consumers, which form the core of their day-to-day profits. Certain aspects such as new competitors sprouting up around the location, roadway building, and personnel turnover can affect repeat clients and adversely impact future incomes. One important point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the higher the possibility to build a returning customer base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the regional average house earnings impact future revenue potential?