Seller Motivated on Pizza Franchise for Sale – Lender Approved with 20

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Asking Price:
$199,000

Gross Revenue:
$890,337
Cash Flow:
$125,591
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Price significantly reduced! SBA eligible with only 20% down! This pizza franchise for sale features a bar and is located in an upscale area and is doing sales of over $1 million in gross sales in 2018. The owner is taking home over $125,000 per year! Bring your offers today!
This pizza franchise for sale is located in a thriving residential community with continued growth featuring a high-rent 350-unit apartment complex, which is just now starting to lease their spaces only one block away. Additional apartments are directly above and across the street from the establishment as well! This is the only Denver (city proper) neighborhood that is still expanding its number of single family residences. Other areas are replacing homes but this one is still creating them! Residents in this community have twice the median household income, on average, of others in the Denver metro area!
Gross sales were over $1million in 2018, and profits were over $125,000 at this pizza franchise for sale offered by the Restaurant Brokers. The absentee owners hope to see an owner/operator purchase this pizza franchise for sale and take it to the next level. Recently remodeled, this establishment boasts over 1,650 inside square feet with seating for 40, and approximately 300 additional square feet of beautiful outdoor seating for 20. The remodel was tastefully done and, at that time, a separate bar area was built and a full hotel/restaurant liquor license was acquired! Total rent expense is only $5,000 a month (just under 7 percent of gross sales). Opportunity abounds at this location!
The front of the house in this pizza franchise for sale is well furnished and beautifully decorated. The establishment is outfitted with three state-of-the art Aloha touchscreen point of sale terminals as well. Additional front of the house equipment includes a beverage and dessert cooler, manager's work-station, music/entertainment system, security system with remote access, Beverage Air glass front 2-door bottled beer cooler, Micro-Matic dual zone 4-tap wine dispensing cooler unit, 4-tap beer dispensing cooler unit and a Coke Freestyle Machine with 120 different beverage options along with a Scotsman ice maker.
The current menu at this pizza franchise for sale consists of hand tossed stone-hearth pies, freshly made salads, premium pasta dishes, Italian subs and sandwiches, chicken wings, additional appetizers, desserts, and a fully-stocked bar for any alcoholic beverage you could imagine! This pizza franchise for sale has incredibly solid books. The establishment has been in business for 15 years at this location and will be loan eligible for qualified buyers. Royalties are only six percent! This restaurant is SBA eligible with as little as 20% down in order to purchase!

About the Business

Location:
Denver County, Colorado
Year Established:
2004
Number of Employees:
22
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,651
Rent:
$5,002.53 Per Month
Lease Expiration:
1/31/2025
Facilities:
Beverage dessert cooler display unit Beverage Air 2 door glass front reach in cooler 4 Tap wine dispensing cooler unit 4 Tap 3 door draft beer cooler unit Two True 2 door sandwich board cooler unit True 2 door reach in cooler unit True 3 door reach in cooler unit Scotsman Prodigy ice maker Turbo Chef Sota micro convection fast cook oven Nemco portable steam table True 2 door standup reach in freezer True 1 door standup reach in freezer 2 Amana microwave ovens Hobart 60qt floor mixer True 2 door standup reach in refrigerator True 3 door standup reach in refrigerator 1 One door glass front beverage display cooler 2 Double stack Blodgett pizza ovens 2 door floor safe 2 Flat panel televisions 3 NCR Aloha POS terminals 5 receipt printers Back office NCR Aloha server Security system with remote access 7 patio tables 20 patio chairs 20 indoor chairs 10 indoor tables 5 bar stools 2 Highchairs Miscellaneous shelving units Miscellaneous small wares
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
The only area in Denver proper that is still building a significant amount of residential dwellings Located in a high foot traffic outdoor mall with major parks and schools very close by More condos and apartments being built and occupied only steps a
Growth & Expansion:
Being a franchise unit there are still many parts of Colorado that are not owned by other franchisees Growth and expansion along with great local franchisers who are easy to work with the possibilities are virtually endless
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About the Sale

Reason For Selling:
New Career
Training/Support:
Two weeks complimentary with additional training negotiable

Listing Info

ID:
1453386
Ad Detail Views:
5572

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Business Listed by

Eric Gagnon

We Sell Restaurants
License# H49152

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