Business Overview:
The absentee owner of three well established and successful pizza franchises (from a major franchisor) had planned to relocate closer than the 100+ miles he currently resides from his nearest location; however, family needs now prevent this. The solution: sell his businesses to a new owner/operator who can be more hands on. Located in a mid size, university city in west Michigan, these three sites have combined annual sales of $2.0 million with an annual seller’s discretionary cash flow (SDE) of nearly $200,000 for the absentee owner. The impressive SDE is after paying full time managers (salary and benefits) in each of the three stores. To compensate for his absentee management, the seller has equipped each store with lots of electronics. Included in the selling price are: video systems, alarm systems, fingerprint recognition technology at each register, three new POS systems, phone quality assurance services, and the like. In addition, each site has new pizza ovens. The seller is also on the cutting edge of pizza marketing with an established customer loyalty program in all three stores that now boasts more than 10,000 signed up customers for the successful weekly email program. The package of three locations is being offered for $895,000, which is less than 5.0x SDE. The seller plans to pay the franchise transfer fees, and for a qualified buyer he will carry a meaningful seller note. This business has it all: a solid cash flow, a realistic listing price, significant seller paper, a major franchisee, great locations, good store management, new equipment, excellent marketing, etc.
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.
Reason for Selling:
Seller is unable to relocate as planned...he lives over 100 miles from the nearest site.
Additional Details:
- The property is leased.
- The owner is not 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.