Seller Financing--Papa Murphys, 2 Great Locations, Milwaukee Suburbs

Asking Price$499,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$878,000

Inventory$8,000
Not included in asking price
FF&E$100,000
Included in asking price
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Seller Financing--Papa Murphys, 2 Great Locations, Milwaukee Suburbs


Asking Price$499,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$878,000

Inventory$8,000
Not included in asking price
FF&E$100,000
Included in asking price

Seller Financing Available
Business Description
Well established, updated, high traffic/visibility
Papa Murphy’s Pizza! 2 High-Volume Well-Established - Seller Financing.
Great locations! Recently remodeled/updated. Situated in two high volume shopping areas in greater Milwaukee suburban areas. Locations opened over 20 years in growing suburbs. Will sell stores separately.
Papa Murphy’s is an extremely popular pizza chain with over 1000 locations offering fresh, made-from-scratch take and bake pizza at a high value. A local and national advertising co-op provides media exposure not available to independent pizza operators.
Simple, high-volume, operation - counter service. No seating - no dine-in. Carryout, curbside pickup or 3rd party delivery. Online ordering majority of business. Great national consumer App recently added. An easy to expand operation that doesn’t use ovens and fits into most shopping center locations.
Along with handcrafted salads, crustless pizzas, breads and desserts Papa Murphy’s Pizza offers an exceptional value, high quality, pizza.
Several terrific selling classic and gourmet pizzas available. Customers may personalize their pizza with their favorite toppings, sauces and crusts, hand-sliced high-quality veggies, freshly grated cheeses, butcher quality meats. Including dairy-free cheeses, gluten free crusts and Keto-friendly crustless pizzas.
Promotions: several including national Halloween and Valentine shaped pizzas, examples of annual very high-volume promotions. The build-your-own pizza kits for kids is very popular. Plus, new menu items and dipping sauces are constantly tested by franchise to introduce to the chain.
Has been named “One of America’s Favorite Restaurant Chains” and “#1 in Customer Service” by Newsweek Magazine for 4 years.


Training: Papa Murphy’s has a comprehensive training program starts with 4 weeks of operations training, followed by 1 week of foundation class. This includes everything from customer service, to how to prep the product, to learning how to work the POS system, to hiring and management of employees, to learning how to effectively market your store and more.

Get your slice of the $50+ billion pizza industry.
About the Business
Years in Operation
23
Employees
14 (2 Full-time, 12 Part-time)
Franchise
This business is an established Papa Murphy's franchise
Facilities & Assets
Will separate locations for 2 sales: Location 1: $349k, 1/2 down (SDE $125k); Store 2 $150k, 1/2 down(SDE $75k). New locations cost $350-450k to build. These 2 stores are in great shape. NEW HVAC on 1 and $60k spent on a store remodel and updates. Lease: store 1 $2425/mo.; Store 2 $1,580. 1,785 and 1,341 square feet. Open daily 11am-7pm.
Website
https://www.papamurphys.com/
Market Outlook / Competition
Both locations are in growing suburbs and both are located in the prime shopping areas with national and big box retailers, grocers, etc. Recent positive updates to location 1's shopping district has shown to increase sales and expect this will expand as local residents become more aware. Papa Murphy's is a very popular pizza chain with approx 1000 locations offering fresh, made-from-scratch, high value pizzas. Local and national advertising co-op provides media exposure not available to independent pizza operators.
Opportunities for Growth
Papa Murphy's recently re-formatted their consumer app and offers tremendous value in their loyalty program. Most orders are online or through app but customers can come in for quick order/pickup or use 3rd party delivery contracted with Papa Murphys. Expansion: there are several locations that haven't been developed. Operating partner has had to cut back hours and isn't really focused on store 2-a new owner could tighten expenses and increase sales without much oversight. In both stores local and community marketing has been lacking for some time.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,200
Rent
$4,005.00 per month
About the Sale
Seller Motivation
Absentee owner wants retire, operating partner burned out.
Transition Support
Training: Papa Murphy’s has a comprehensive training program starts with 4 weeks of operations training, followed by 1 week of foundation class. This includes everything from customer service, to how to prep the product, to learning how to work the POS system, to hiring and management of employees, to learning how to effectively market your store and more.
Financing Options
Willing to finance up to 50% on a 5 year note, 10 year amortization, 7.5% interest
Listing Info
ID
2463347
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Business Listed by: Scott Evert

Listing ID: 2463347 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.