Listing ID: 80456
This Opportunity is for an Existing (with excellent trailing revenue) Pizza Shop with a track record. The restaurant is large enough to expand in many ways.
This restaurant is closed 2 days a week and is absentee. This will require owner leadership/management!
The franchisor is looking for a new owner-operator (“qualified manager”) to train and take over. It is located in a South Metro suburb of Atlanta.
The organization is looking for a new owner-operator that can qualify and train through the Johnny’s Franchise Organization. No experience is necessary and the Johnny’s Franchise Organization will provide training.
This needs good Management and Leadership to hire the right people and push sales in the right direction.
There is an excellent brand, existing revenue, and an excellent reputation for premium pizza. The location can easily be a million-dollar-plus restaurant with the right Franchisee/Owner Operator.
Johnny’s is looking for a qualified Franchisee owner that can take this restaurant to an acceptable revenue level.
The hard work has been accomplished and everything is in place (people, equipment, location etc.) the day new ownership takes over you will make money.
This needs a qualified owner-operator that the Franchisor will train.
Note: Covid Pandemic revenue overall at Johnny’s Franchise location’s are up!
*There is a $7500 training and transfer fee to (there is no Franchise Fee Cost to a new owner). All candidates must qualify with Johnny’s Franchise organization.
Or call Gary Martin, 678-778-7428 Direct.
- Asking Price: $220,000
- Cash Flow: $150,000
- Gross Revenue: $600,000
- EBITDA: N/A
- FF&E: $250,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
Full Support from Franchisor
Owner started 3 stores and can not manage at this time.
Excellent Product, Brand and Support in a Growing Area. The Demographic is excellent and new neighborhoods are developing at this location.
"High-end pizza restaurants are offering more gourmet items with organic ingredients for health-conscious consumers. The ubiquitous adoption of the internet has driven this trend of online ordering. Higher demand for industry offerings has spurred a steady stream of new entrants. Pizza chains catering to lower incomes are competing in a highly saturated marketplace. Pizza restaurants will continue to encounter competition from alternative retail outlets. The industry will continue to deal with rising input prices, especially fresh meats. Changing consumer preferences have forced pizza restaurants to adapt over the past five years." Source: IBISWorld Industry Growing business for pickup and takeout. New Start-Up Franchise territories are also available in the area. Call Gary Martin, 678-778-7428 or send email to firstname.lastname@example.org
This Business Is An Established Franchise
The venture was founded in 2019, making the business 3 years old.
The deal shall not include inventory valued at $5,000*, which ins't included in the suggested price.
The business has 15 employees and is situated in a building with estimated square footage of 5,000 sq ft.
The real estate is leased by the business for $4,250 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. Nevertheless, the genuine factor and the one they tell you may be 2 totally different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competition, current decrease in revenues, or an array of various other factors. This is why it is really important that you not depend completely on a seller's word, however rather, use the vendor's answer combined with your overall due diligence. This will paint a more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that earnings margins are too thin. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new consumers? Many times, operating businesses have repeat clients, which create the core of their day-to-day revenues. Particular factors such as brand-new competition sprouting up around the location, road construction, and also employee turnover can affect repeat customers and also adversely affect future profits. One essential thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the possibility to construct a returning client base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the local median household income influence future earnings potential?