REDUCED: Cash Flow Positive - Katy Pizza Franchise For Sale

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Award Winning Upscale Casual Pizza Franchise For Sale
Asking Price:
$350,000

Gross Revenue:
$772,749
Cash Flow:
$141,859
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$25,000
included in asking price

FF&E:
$190,000
included in asking price

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Business Description

The financial performance of the store in 2017 was only based on 9 months revenue, not for the full year because of Harvey. We had no access to get to the store for three months. There was no access to get to the store, but there was no damage and the store did great sales!

This location was recently remodeled with new furniture, fixtures, new sign and new menu roll-out. It has been updated and ready for success!

Part of an established franchise chain based in Houston, TX, this restaurant is a real gem! Located in Katy, TX this long standing pizza and Italian business has been a local staple for more than 10 years. Situated in a retail center right off of I-10 this site is highly-visible and convenient to local residents.

It gets better!

This location is currently owned by the franchise corporate office and is up-to-date with current franchise specifications and equipment. The entire staff has been corporately trained and will stay at the location. The new owner will have the benefit of a vast network of local franchisees and the franchise home office support.

Price includes business location, initial franchise fee and training program. Great opportunity to acquire a franchise business to then develop multiple locations!

FACTS: Pizza in the Fast Casual Category*
- Pizza is the number one growing sector in the fast casual industry.
- World wide pizza is a $135B industry with the U.S. making up the largest share at $45.1B.
- Pizza chain stores AUVs out perform independent pizzerias, and are more successful.
- Top three as reasons North American’s use for choosing a restaurant were Reasonably - Priced Food (47%); Food Quality (30%); and Type of Cuisine (25%).
*The 2018 Pizza Power Report: A State-of-the-Industry Analysis, PMQ Magazine

Average sales figures for the corporate Russo's New York Pizzeria in 2018 were the following:

Average - $972,891

Food cost - 20.1%
Labor cost - 25.2%
Net cash flow - 18.2%

The following data involves historic performance information for Restaurants owned by us or our affiliates and Restaurants operating under effective Franchise Agreements that were open for 12 months or longer as of December 31, 2017. There were a total of 29 franchised Russo’s New York Pizzeria Restaurants operating under effective Franchise Agreements as of that date, 20 of which had been open for 12 months or longer in the United States, and there were a total of six Russo’s New York Pizzeria Restaurants owned by us or our affiliates, all of which had been open for 12 months or longer as of December 31, 2017. The following results include (a) the average Gross Sales for company-owned Russo’s New York Pizzeria Restaurants for the fiscal year ending December 31, 2017 and (b) the cash flows for company-owned Russo’s New York Pizzeria Restaurants only for the fiscal year ended December 31, 2017. Because we do not maintain the accounting records of our franchisees, we are unable to make any representation with respect to the reliability of the expense data of franchised Restaurants.

About the Business

Year Established:
2008
Number of Employees:
18
Franchise:
Yes
Real Estate:
Leased
Lease Rate:
 Not Disclosed
Website:
nypizzeria.com
Market Outlook/
Competition:
This location has been established in the Katy area for more than 10 years and franchise locations in the Houston area have been around for more than 30 years. You will enjoy the benefits of an established brand name with this business! Pizza is a competitive market, yet you will have several benefits of joining this franchise. There are four revenue streams with this business: catering, delivery, dine-in and take-out. This chain caters to a higher household income demographic with fresh, gourmet New York style pizzas and handcrafted Italian food.
Growth & Expansion:
There is room to grow with this business and this franchise! This is a perfect, turn-key location if you are looking to open a restaurant in the Katy area.
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About the Sale

Reason For Selling:
turning corporate location to franchise to continue to grow
Training/Support:
4 - 6 weeks of home office and onsite training, corporate home office based in Houston. Training program cost is included in price.

Listing Info

ID:
1384719
Ad Detail Views:
1120

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Business Listed by
Jacqueline Voss

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U.S. Census Data for Fort Bend and Harris Counties, TX
Age

Gender

Ethnicity

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

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

U.S. Community Survey Data for Fort Bend and Harris Counties, TX
Income

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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