Owner Financing is Available!
Business Overview:
The current owner is absentee and is retiring. This is an outstanding location, in the Heritage Square shopping center, in Issaquah, with high visibility and great demographics. The business has been in the same location since 1986 and enjoyed continuing success each year. Well known and respected National chain. The current owner has done very little advertising or promotion. The business has a perfect layout with open seating in the main dining area, salad and pizza buffet, a banquet room, a game room, and a huge kitchen and a private office. The Franchise fee is 4%, the Ad Fund Fee is 4%, and the transfer fee is $12,500. Outstanding training is provided at the Franchisors Headquarters in Concord, CA (4 weeks of intensive training) - plus one week of on-site training from the owner. With increased delivery orders, promotion to the local businesses and schools, and heightened community awareness this will be a gold mine for an owner operator.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This is an outstanding, highly visible, location on a major arterial in a high profile shopping center with lots of parking. This business has been in the same location since 1986. The business has a perfect layout with open seating in the main dining area, salad and pizza buffet, a banquet room, a game room, and a huge kitchen and a private office. The base monthly rent is $8,551 plus NNN charges of $2,342 per month. The business occupies about 4400 sq ft and seats about 180. The Lease runs till 5/03/2011 and Landlord will provide options for a qualified Buyer.
Market Competition and Expansion:
Location, Location, and Location are the highlight of this business with a high profile location in the Heritage Square shopping center in Issaquah. This is located only minutes from businesses, homes, condo’s, and apartments. This dynamic Pizza business has done an outstanding job in creating a substantial gross income with very little advertising or promotion. The business has been established since 1986 in the same location. Due to the Franchisor's high profile name, the quality of the food (the dough is made from scratch each day), and the pleasant family oriented environment this business is leaps and bounds ahead of its competitors.The current owner is absentee and the business really needs a full time owner with new energy. This business needs three major improvements in order to strategically position itself for a substantial increase in revenues. Number 1 is to have consistent and targeted advertising and promotion to the local marketplace. The second thing is to promote the delivery and catering side of the business to the local businesses in the area (demographically, this business is in an ideal location with a dense business and residential base). The third thing is to promote the business to the local schools and Churches and try and get some contracts for on- site lunches.
Reason for Selling:
Absentee Owner is selling to retire.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.