Owner Financing is Available!
Business Overview:
This is the Flagship location for this regionally known gourmet pizza franchise. The Franchiser is selling only to free up some time to expand the franchise into new locations. The business has been located in the same neighborhood location for over 13 years and has become a neighborhood Icon. The businesses database has over 37,500 customers in it who are loyal and supportive of t he business. The business occupies 1892 sq ft with extra room to possibly rent out an office and a place for an off site commissary to generate extra income. There is virtually no competition for Gourmet Pizza (Take out and Delivery) in the immediate area. The demographics of this location are outstanding. The new owner could capitalize on the introduction of the gluten free pizza, which has already become a fabulous hit with the customers. The Franchise fee is 4.5 and the Ad fee is .7%. The transfer fee of $3,000 will be paid by the Seller. There is a $5,000 training fee. The Franchiser provides 4 weeks of intensive training on all aspects of operating the business. It is done locally in the Seattle/Everett area. Seller terms with $100K down, 3 year term, 6% interest. This is a gold mine for the owner operator who wants a turn key business with an outstanding reputation and loyal customer following.
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 high volume pizza business has been an Icon in its neighborhood for over 13 years. It has a great location and excellent demographics to ensure success. The business occupies 1892 sq ft with extra room to possibly rent out an office and a place for an off site commissary to generate extra income. The base rent is $3,094 plus NNN charges of $696 per month. The Lease runs till 2/28/2014 and has a 5 year option to extend.
Market Competition and Expansion:
There is virtually no competition for Gourmet Pizza (Take out and Delivery) in the immediate area. This business has been established in the same neighborhood location since 1997 and has become an icon for the neighborhood. The customer base of 37,500 customers has been very loyal.The demographics of this location are outstanding. The new owner could capitalize on the introduction of the gluten free pizza, which has already become a fabulous hit with the customers. The new owner could lease out the separate office space and commissary area to generate more income without hurting the operation of the business.
Reason for Selling:
Corporate Sale to allow Franchiser to expand
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.
- This is not a distressed business or bankruptcy situation.