High Volume Pizzeria Franchise

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High volume pizzeria for sale (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 owners are dissolving the partnership and the 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. Lease was negotiated 2 years ago and has extremely favorable terms ($15.61/sq ft). Lease has an option to renew for another 5 years. The average food cost is 26%. This can be improved with better management. Labor costs are well above average and would be substantially lower with owner operator.

About the Business

Year Established:
2004
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,440
Lease Amount/Mo.:
$1,873.00
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:
Limited funds are being invested in marketing.
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About the Sale

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

Listing Info

ID:
1360932
Ad Detail Views:
243
Asking Price:
$249,000

Gross Revenue:
$700,000
Cash Flow:
 Not Disclosed
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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U.S. Census Data for Cook County, IL
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Ethnicity

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

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U.S. Community Survey Data for Cook County, IL
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Education

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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