Owner Financing is Available!
Business Overview:
This pizza franchise was originally built out by a franchisee who owned two other stores. He spent top dollar for the best of build-outs – over $350,000 – making it by far the nicest store of over 22 locations. It is an incredibly beautiful location in a very successful strip mall on a major thoroughfare. His plan was to have multiple locations for his son. However, his son's heart was not in the stores, and as a result, he sold his three locations.
The next owner had no in-store involvement with day-to-day operations. From time to time, he refused to make payments to the original owner during his 5 years of ownership, claiming the store was not profitable. As a result, he chose to forfeit his ownership position rather than pay the payments owned to the owner. The original owner had relocated and retired from a multi-million dollar company he sold. Rather than move back to SLC to run the store, he allowed the store to be turned over to the franchisor in November 2010 for some consideration. The franchisor is looking for a great owner to take over this operation.
Sales for 2010 were $278,430. This store has great potential to grow beyond this volume. A conservative 2011 sale projection adds an additional $55,686 of revenue, for a total of $334,116.00. A new owner/operator should be able to realize this increase by just showing up and actively managing the store, keeping an eye on food quality and customer service. Further increases could be realized with consistent marketing to the thousands of homes and businesses in the area.
Franchise Transfer Fee is an additional $8,000.00. This includes corporate training. Buyer must be approved by the franchisor. Seller financing is available for a qualified buyer.
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:
Rent is currently $3813.33 per month at a rate of $16.00 per square feet. C.A.M. is currently 1191.67 per month at a rate of $5.00 per square feet. The facility is 2,860 square feet. Current term is approximately 5 years.
Franchise Transfer Fee is an additional $8,000.00. This includes corporate training. Buyer must be approved by the franchisor. Seller financing is available for a qualified buyer.
Reason for Selling:
Franchisor divestiture.
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.
Resources: