Seller's Contact Information
- RE: Fast Growing Franchise Pizza Shop
- Contact: Stephen Lee
- License #: 567204
Quick Facts
Asking Price: | $490,000 | |
Annual Revenue: | $584,627 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $153,048 | |
Total Debt: | Not Disclosed | |
FF&E: | $75,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2016 | |
Employees: | 9 | |
BBN Listing #: | 135119188 | |
Broker Reference #: | 001079 |
Business Overview:
A fast-casual pizza restaurant in a fast-growing city is now available for acquisition. This gourmet pizza brand is a competitive than any other pizza restaurant as it has over 37 independently owned and operated stores in the North Texas area and is very well known to locals for its quality products at a reasonable price point. The franchise location was established by the current owner in 2016. This store occupies a 5.000 SF end-cap space of a retail strip center located in the hub of the central business district of this town. Most of the customers are middle-class individuals and families from the surrounding densely populated residential neighborhoods. This pizzeria features gorgeous build-outs with an elegant interior, and their beautifully built dine-in & outdoor patio area provides customers a spacious, cozy, yet refined ambiance, while giving a comfortable setting that a large family can easily feel home to. Various menu items are provided at this business ranging from hand-crafted pizzas, oven-baked pasta, hot & cold sandwiches, salads, appetizers, and desserts. Most of the customers are middle-class families from the surrounding densely populated residential neighborhoods, while the Caucasian customers are still predominant for this business. Currently, there is no competition in this town to be considered as a threat as a couple of competitions is franchise pizza chains, and this gourmet pizza restaurant is by far superior to any other corporate pizza chain within the immediate market area in terms of high-quality products, services, facilities, and price points. This business has built its own customer base by providing a strong product line and superior customer service, which has differentiated it from the competition. This business generates an average of $52K per month in this current pandemic time compared to over $43K per month before COVID-19. Currently, some marketing is in place for this business, but more marketing efforts on delivery and take-out service, including 3rd party delivery, can greatly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak. Serving alcoholic beverages such as beer and wine will also greatly boost sales as the demand for alcoholic beverages are very high in this market area. Targeted marketing to the residents in new houses will be a huge draw by utilizing door hangers, etc., since many new houses are being built at this time. Focusing on acquiring corporate accounts for catering from nearby corporate offices and headquarters, medical offices, car dealerships, schools, churches, etc., can also have an immediate effect on the overall sales. This is a great opportunity to acquire a well-established gourmet pizza restaurant in a fast-growing city for a potential buyer who is willing to be more hands-on in the day-to-day operation and marketing to reach out to untapped areas of the cities.
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Property Features and Assets:
This business is located in a 5,000 SF end-cap space of retail strip center in the hub of central business districts in the city. / Inventory: $4,000 (Included in listed price).
Market Competition and Expansion:
Competition: A few pizza chains are within the immediate market area, but this gourmet pizza restaurant is by far superior to any other corporate pizza chains within the immediate market area in terms of high-quality products, services, facilities, and price points. / Growth and Expansion: More marketing efforts on delivery and take-out service can significantly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak. Serving alcoholic beverages such as beer and wine will also greatly boost sales as the demand for alcoholic beverages are very high in this market area.
Reason for Selling:
Other opportunities
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Documents:
Relevant Links:
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