Established Papa Murphy's Business for sale in Huntersville, NC

NC

Established Papa Murphy's Business for sale in Huntersville, NC

Asking Price:$290,000

Cash Flow:N/A

Gross Revenue:$363,357

EBITDA:$68,737

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:2014

Established Papa Murphy's Business for sale in Huntersville, NC

Get Financing Save Print Share Valuation Report

Business Description

Fresh made. Fresh baked. Fresh pizza - They come in early to make their dough from scratch, grate their 100% whole-milk mozzarella every day, and hand slice their veggies.

Handmade fresh since 1981. The Papa Murphy's concept of "take-n-bake" pizza began in 1981. Today they continue to focus on what has made Papa Murphy's the fifth-largest pizza company in the United States and the #1-Rated Restaurant Chain*:

Every Papa Murphy's pizza is built to perfection with exactly what the customer wants. Customers select the type of crust and their favorite fresh ingredients. They make your pizza by hand in a matter of minutes. Then you take it home, pop it in the oven, and serve it fresh to your family.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Facilities:
The lease for Huntersville, NC 28078 was executed on September 4, 2014. The location is 1,627 square feet. The term of the lease is 5 years with an option to renew for two additional 5 year terms for a total of 15 years. Base Rent: $ 20.00 / sq ft / annually with an annual increase of base rent capped at 2.5% CAMS: $ 4.35 / sq ft / annually As of September 2016 the current base rent is $ 20.50. Total rent per month, inclusive of CAMS, totals $ 3,369.24 / month.
Competition:
The Huntersville, NC location officially opened on December 17, 2014 and was one of the first 25 stores in the US to be built with the CREATE store design layout. The location is a suburb of Charlotte, NC and is one of nine stores in the DMA as of Sep. 2016. It was announced by the Charlotte Business Journal three new stores will be added by other franchisees in the Charlotte DMA by the first half of 2017.
Growth & Expansion:
The DMA of Charlotte has a total of 12 locations sold and another 43 locations open for new development. This is an emerging market with plenty of growth opportunity. Also, a great opportunity for an owner/operator looking to be involved and continue to grow the brand.
Support & Training:
Papa Murphy's offers extensive training for new franchise owners, including in-store skill training and structured classroom training at our headquarters in Vancouver, Washington. The marketing department is responsible for helping each owner to develop a high-impact grand opening plan and a national print advertising campaign along with continuous local store marketing. On-going operational support is critical to our company’s success so each franchise owner has the assurance that they have a Director of Franchise Operations that is dedicated to ensuring they have all the tools and knowledge to operate their business to the best of their ability.
Franchise:
This business is an established franchise

Listing Statistics for Premium Members

Ad#:1310812 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Taylor Hernandez

Business Listed By:
Taylor Hernandez

Franchise Performance Group

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Anchor Bar

Franchise Opportunity
Capital Required: $450,000