Nationally Known Family Pizza Restaurant For Sale

Business description

Partnership death forces the absentee owner to sell this high volume pizza business ASAP. Well known and respected National chain. The current owner has done very little advertising or promotion. The business has a perfect layout with open seating in the main dining area, salad and pizza buffet,and a huge kitchen and a private office. The Franchise fee is 4%, the Ad Fund Fee is 4%, and the transfer fee is $12,500. Outstanding training is provided at the Franchisors Headquarters in Concord, CA (4 weeks of intensive training) - plus one week of on-site training from the owner. With increased delivery orders, promotion to the local businesses and schools, and heightened community awareness this will be a gold mine for an owner operator

Franchise terms

The Franchise fee is 4%, the Ad Fund Fee is 4%, and the transfer fee is $12,500. Outstanding training is provided at the Franchisors Headquarters in Concord, CA (4 weeks of intensive training) - plus one week of on-site training from the owner.

Property information

Real Estate:

Lease

Lease terms:

This is an outstanding, highly visible, location on a major arterial in a high profile shopping center with lots of parking. The business has a perfect layout with open seating in the main dining area, salad and pizza buffet, and a huge kitchen and a private office. The base monthly rent is $4525 plus NNN charges of $1270 per month. The Lease runs till 3/31/2013 and Landlord will provide options for a qualified Buyer. The dishwasher is leased at $125 per month and the CO2 is leased at $30 per month.

Location:

This is an outstanding, highly visible, location on a major arterial in a high profile shopping center with lots of parking.

Other information

Expansion potential:

This business needs three major improvements in order to strategically position itself for a substantial increase in revenues. Number 1 is to have consistent and targeted advertising and promotion to the local marketplace. The second thing is to promote the delivery and catering side of the business to the local businesses in the area (demographically, this business is in an ideal location with a dense business and residential base). The third thing is to promote the business to the local schools and Churches and try and get some contracts for on- site lunches.

Competition / Market:

This dynamic Pizza business has done an outstanding job in creating a substantial gross income with very little advertising or promotion. Each year the gross income increases. The business has been established since 2004 in the same location. Due to the Franchisor's high profile name, the quality of the food (the dough is made from scratch each day), and the pleasant family oriented environment this business is leaps and bounds ahead of its competitors.

Support & training:

Outstanding training is provided at the Franchisors Headquarters in Concord, CA for a period of 4 weeks - plus a one week on-site training from the owner.

Reasons for selling:

Partnership death forces Absentee Owner to sell.

Trading hours:

11AM - 9:30 PM (Mon-Fri) 11AM-10:30PM (Sat-Sun)

Financing available:

Cash or Bank Financing

Furniture / Fixtures value:

$75,000 (included in the asking price)

Inventory / Stock value:

$3,500