Business Overview:
The current owner is absentee and is retiring. This is an outstanding end cap location, in the Lake Meridian Shopping Center, with high visibility and great demographics. The business has been in the same location since 2002 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 salad and pizza buffet, 2 banquet rooms seating a total of 86, a game room, and a huge kitchen and a private office. The business is about 50% delivery, 25% take out and 25% dine in. The current owner is absentee and the business really needs a full time owner with new energy. This business needs four 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. The new owner needs to periodically call all the delivery clients (all names are in the database) and remind them to re-order. The business just installed on-line ordering and the business has increased dramatically. 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. $60K price drop - must sell before 6/30/2011 to have this fantastic low price
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 is an end cap unit. This business has been in the same location since 2002. The business has a perfect layout with salad and pizza buffet, 2 banquet rooms (seating as total of 86), a game room, and a huge kitchen and a private office. The base monthly rent is $6,100 plus NNN charges of $1500 per month. The business occupies about 4469 sq ft and seats about 186. The Lease runs till 2/28/2012 and has two 5 year options to extend the term.
Market Competition and Expansion:
Location, Location, and Location are the highlight of this business with a high profile location in the Lake Meridian Shopping Center, which is anchored by Bartells and 24 Fitness. This is located only minutes from businesses, homes, condos, 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 2002 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 four 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. The new owner needs to periodically call all the delivery clients (all names are in the database) and remind them to re-order. The business just installed on-line ordering and the business has increased dramatically.
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.