Listing ID: 81138
Update-2021 is a record year for this store! This Papa Murphy’s has been increasing sales and is very profitable. The store is well staffed and ready for a simple transition to start making money. SBA financing is available with about $48,000 down! A working owner could make $121,000 or more in year 1 and get 2 times or more of their initial investment back! This business is continuing to grow with sales in 2021 up about 30%. Adjusted net income for owner operator is $121,405 and could be even more for a family. Tips alone can give an additional $1,500-$2,000 for a working family. The excellent location is in a fast growing part of town with about 600 new homes and a new medical center. The store is new and clean throughout! The rent is very low and the lease is great. The shopping center has other popular tenants like CVS and Wells Fargo bank to increase traffic. This is an opportunity to take an already successful store even higher!
This Papa Murphy’s has been operated very well and is an award winning, top performing store in California. It is well staffed with long time, caring and friendly employees that keep the store operating at a high level even when the owner is not there.
Papa Murphy’s offers a very fine training with a lot of support for a new owner; their goal is your continued success and growth. They are the #1 take and bake pizza franchise in the country.
Please call, text or email for more info.
Disclaimer: the information provided here is compiled from information by the seller(s). The broker or agent makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification & that of their financial &/or legal advisors with regard to this information.
- Asking Price: $249,000
- Cash Flow: $121,405
- Gross Revenue: $590,000
- EBITDA: N/A
- FF&E: $80,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,400
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
The store is clean and updated in a high traffic and well maintained shopping center.
Papa Murphy's offers one of the finest training programs in the business and very fine support for new and existing owners.
Papa Murphy's is a unique product that has very little competition. It is a delicious and healthy product and an outstanding value.
The current owner is semi absentee so a full time owner operator has a great opportunity to grow sales. Also, Papa Murphy's is always looking for owners that would like to expand and have multiple locations.
This Business Is An Established Franchise
The company was started in 2014, making the business 8 years old.
The sale won't include inventory valued at $5,000*, which ins't included in the suggested price.
The company has 10 employees and is situated in a building with approx. square footage of 1,400 sq ft.
The real estate is leased by the company for $2,900 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. However, the true factor vs the one they say to you may be 2 entirely different things. As an example, they may say "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competition, current decrease in incomes, or a variety of other reasons. This is why it is extremely essential that you not rely absolutely on a seller's word, yet rather, utilize the seller's answer combined with your general due diligence. This will repaint a more realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that earnings margins are too thin. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new customers? Often times, companies have repeat consumers, which create the core of their daily revenues. Specific factors such as brand-new competition sprouting up around the area, road construction, and staff turnover can impact repeat clients as well as negatively impact future earnings. One essential point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the possibility to construct a returning client base. A last thought is the general area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood typical family earnings impact future revenue prospects?