Pizza Franchise Gross $702,500 Yr. Owner finance $120,000 Down
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Pizza Franchise Owner finance Sales $702,500, $120,000 down
Very Well Established Pizza Franchise. Clean Throughout. Has been absentee operated for many years. Existing manager is paid between $78 & $80,000 per year. Historically this pizza business has well exceeded $700,000 in sales. However, the existing manager and employees have become complacent just providing enough service to get by and get paid every two weeks. This store is in a high traffic shopping center with several anchor tenants and a variety of many other businesses. When you see the location you will begin to wonder why sales have dipped in the past 3 years and begin to get excited about the future growth of the business as an owner/operator working 50 hours per week. The net income is made up of the managers salary, discounts% which is 8% higher than normal, payroll reduction, for owner/operator, payroll tax saving, utility reduction of over $9,500 because of utility company error, and net income. It is recommended a buyer have at least $150,000 in cash.
About the Business
- Years in Operation
- 16
- Employees
- 8 (2 Full-time, 6 Part-time)
The present employee payroll is approaching 32%. Should be 17%. Will prove! - Franchise
- This business is an established franchise
- Facilities & Assets
- The facilities are in good condition and well maintained. Seller just extended his lease by (5) years. Landlord will provide a (5) year option to satisfy the franchisor. Rent is $5,862 per month including CAM.
- Market Outlook / Competition
- Surprisingly there is no competition in the immediate area. Owners who put in the extra effort by making themselves known to the community are the ones who show consistent growing profit by keeping there food and labor costs low as well as keeping a eye on their menu pricing increasing their menu prices to keep up with costs that creep up on them.
- Opportunities for Growth
- This pizza franchise is poised to grow. It has had a great history and needs an owner/operator to reach out to the community and support the local schools, and other entities. The seller has made very little effort to advertise in his local area especially when there is no competition.
About the Sale
- Seller Motivation
- Seller is retiring.
- Transition Support
- Buyer will go through several weeks of training and receive ongoing support from the Franchisor after the sale. Buyer to pay the franchisor transfer fee.
- Financing Options
- Seller is motivated and is easy to work with.
Listing Info
- ID
- 2464049
- Listing Views
Listing ID: 2464049 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleCalifornia Businesses for SaleCalifornia Food & Beverage Businesses for SaleCalifornia Restaurants Businesses for Sale
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