Panago Pizza Located In Mid-Central BC

Not Disclosed, British Columbia


Asking Price: Annual Revenue:
$915,000 $1,200,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Panago Pizza Located In Mid-Central BC Broker: Mark Hansen

Quick Facts

Asking Price: $915,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1998
Employees: 12
BBN Listing #: 849362816
Broker Reference #: B493

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Business Overview:

Take advantage of this newly listed Panago Pizza located in mid-central BC! Surrounded by beautiful mountain views and endless forests, you will find this well-established store in a safe, business-minded community. This location is close to several residential neighborhoods and businesses, giving you ample opportunity to build on this already successful business. The economy is on an upswing due to the lumber industry booming and a few large mines are in the works. This is creating a huge influx of people who work from home due to the affordable house prices. Not only does this store offer a great customer base, but the sales continue to grow! 2020 achieved $1.2M+ in annual sales and 2021 is already showing a 2+% increase. The lease in place cannot be beat and has you set until 2028! A reasonable down payment of $180,000 +/- for this store is required. Do not wait on this opportunity! Contact Team Hansen today for more details.

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Property Features and Assets:

Building Size: 1780 +/-Square Feet Options to Renew: One – 5-year Renewal Option. Base Rent: Current: $13.14/Square Foot. $1,950/Month ($23,400/Annually) (+ GST) Additional Rent: Estimated: $2.92/Square Foot. $432.54/Month. ($5,190.48/Annually) (+ GST) Total Rent: $2,382.54/Month. ($28,590.48/Annually) (+ GST) Current Lease Term: 5 Years. December 1st, 2018 to November 23rd, 2023 Lease Life: Extends to November 2028 Including the Option to Renew

Market Competition and Expansion:

Minimal

Reason for Selling:

Moving on To New Ventures

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.

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