High Volume Pizzeria Franchise

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High volume pizzeria for sale (HUGE PRICE REDUCTION!)

Business Description

This location had annual sales of $1M five years ago. It is currently run by employees and a manager. The current owner is relocating for work and business is being sold as a result. New owner has the opportunity to capitalize on an established business that needs new management. Business is being sold below market value and considerably below the cost of building a new store (approximately $350k to $400k to build a new store). Lease was negotiated 3 years ago and has extremely favorable terms (base rent of $15.61/sq ft). Lease has an option to renew for another 5 years. Monthly lease of less than $3,100 includes CAM. The average food cost is 24%. This can be improved with better management. Labor costs are well above average and would be substantially lower with owner operator. New owner can immediately increase cash flow by reducing labor costs by at least $3,000 in the first month.

About the Business

Year Established:
2004
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1
Lease Rate/Sq. Ft./Mo.:
$3,100.00
Lease Expiration:
11/30/2020
Facilities:
New POS installed in September 2017 (~$12k). New security system installed in Jan 2018. In addtion, kitchen equipment, ovens, hood, delivery equipment included in price.
Growth & Expansion:
Currently, limited funds are being invested in marketing.
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About the Sale

Reason For Selling:
Relocation
Training/Support:
5 weeks from Franchise, 1 week from owner/manager

Listing Info

ID:
1360932
Ad Detail Views:
1338
Asking Price:
$239,000

Gross Revenue:
$650,000
Cash Flow:
$70,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$50,000
included in asking price

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Business Listed by
Dee

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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