Pizza To Go Nets $109,127 yr. $25,000 Down, Assume SBA Note of 3.75%
Business Description
Well established Pizza Franchise. Seller must sell due to a tragic death in the ownership of the business. The $361,305 represents the total EIDL loan remaining with $25,000 down. Buyer would assume the remaining balance of the note in the amount of $336,305. payments are approx. $1,730 per month including 3.75% interest. The net of $109,127 represents the managers salary that would be eliminated, a reduced payroll savings, net income of the business and the interest& principal the seller declared on his P &L. and amortization. The adjusted net income of $109,127 would be before debt service and a monthly payment of approx. $1,761 per month for the EIDL loan. Keep in mind the buyer MUST HAVE at least $85,000 in cash to be approved by the franchisor and a net worth of least $300,000 to be approved by the landlord. The EIDL loan has about 25 years remaining.
About the Business
- Years in Operation
- 33
- Number of Employees
- 9
- Franchise
- This business is an established franchise
- Facilities & Assets
- The store is approx. 1,350 sq. ft. Present owner has been absentee for 10 years. As mentioned earlier one of the owners suddenly passed away. This sale is only designed FOR AN OWNER/OPERATOR. The store will need interior upgrades in approx. 2 to 3 years. Franchisor is flexible with this requirement.
- Market Outlook / Competition
- Considering the business has been absentee operated for many years the store has held it's own. The present market condition is outstanding since the present management has not reached out to the community to contract with any schools, churches, athletic organizations, police, sheriffs, and the local fire department. There is always competition in the pizza business.
- Opportunities for Growth
- Presently the average ticket is less than $27.00. It should be around $30.00 Plus.
About the Sale
- Seller Motivation
- Death in the family
- Transition Support
- Buyer will be required to attend approx. (3) weeks of in store training most likely in the Sacramento area. Franchisor will provide for on going training and support in the future.
- Financing Options
- Buyer is assuming an SBA EIDL loan in the amount of approx. $336,305. Monthly payment
Listing Info
- ID
- 2408166
- Listing Views
- 64
Listing ID: 2408166 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.
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