Business For Sale

Papa John's Pizza In Collin County

Not Disclosed, TX
Collin County

Northeast Dalls

Asking Price: Annual Revenue:
$195,000 $397,771

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Papa John's Pizza In Collin County Broker: Kevin Chung

Quick Facts

Asking Price: $195,000
Annual Revenue: $397,771
Net Profit: Not Disclosed
Cash Flow: $80,656
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 10
BBN Listing #: 297019188
Broker Reference #: 000641

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Business Overview:

National Franchise Papa John's Pizza located in one of the cities in fastest growing county in Texas is available for acquisition. The business was established by current owner in April 2016 and the owner has spent close to $350,000 as a startup cost that includes franchise fee, brand new equipment, space build out, etc. Net sales were $430,000 in 2017 and have been steady since establishment. Competition is expected as this business is located in one of the cities in the fastest growing county in Texas. The population has grown 40% since 2014 and is projected to grow by another 30 % by 2020. Most of the customers are low to middle income families that have been living in the city and middle to high income families that are starting to move in to the city. Although national and local marketing are done by the corporate to generate current revenue in place, there are many other ways to reach new customers and untapped area to increase overall sales. The current owner had spent considerable amount on direct mail in the beginning and saw great success, but stopped doing them because the owner no longer spends any hours in the business. Proactive marketing such as door hangers, Valpak, and more social media would definitely drive up the sales. Currently, this business is operated as owner absentee and more owner involvement is crucial in reaching its full financial potential. The owner can be more active in marketing to obtain more corporate accounts, do more catering, reach out to multiple schools in the area, and work with city hall, which is located right front of the business to be more involved in city's activities and events. With an active, hand-on full time owner can save up to 10% in labor costs and reach its full financial potential. This is a great opportunity to be one of the franchisees of a national reputable pizza brand.

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Property Features and Assets:

Located in corner of retail strip center at 1,700 SF in a rapidly growing city. / Inventory: $3,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: There are numerous corporate fast food chains in the area, which is to be expected in a developing and growing city. / Growth and Expansion: The area is exponentially growing as new neighborhood is being developed and new houses are being constantly built to accommodate growing population.

Reason for Selling:

Other Opportunities.

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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