Franchise Pizza Place

Franchise Pizza Place

Available

$125,000.00

Listing Number :

 6318

Status :

Available

Price :

$125000

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Description

The store is located on a major Street and is the third largest take-out and pizza delivery Restaurant chain. It also Ranked #1 in customer satisfaction and product quality. Potential buyer will  need approval from franchisor and successfully complete their training program. The seller took over this store in September of 2020 and restructured the Business with staff and manger in place. Seller is fully absentee. Seller claims his gross sales are about $11,000 per week. payroll cost about $3,000/ a week 12% with 12 Part Time employees. Food cost about 28%. Net about $3,500 per month as an absentee run business. Rent is $5,100 a month including NNN. Lease expires 2023 plus option upon landlord approval. For more information please call the agent; Mike panoussi @ (661) 816-1141

#6318

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Pizza Franchise
License(s) Required: Business, Health
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6318
Date Available: 12/10/2020
Reason For Sale:
Annual Total Revenue: 528000
Annual Net Income:
Inventory:
Monthly Payroll: 12000/m
Lease Information
Base Rent: 5100/m
Lease Expires: 2023
Lease Option:
NNN: Included
 
Financing Information
Down Payment: 125000
Owner Will Carry:
Other Finance Terms:

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