Major Franchise Pizza Established & Profitable

Renton, WA (King County)

Seller Financing Available
Major Franchise Pizza Established & Profitable

Asking Price:$135,000

Cash Flow:$80,000

Gross Revenue:$571,624

EBITDA:N/A

FF&E:$10,000

Inventory:$3,000*

Rate/Sq. Ft.:N/A

Established:2001

*not included in asking price.

Major Franchise Pizza Established & Profitable

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Business Description

Established pizza franchise with solid history of making lots of dough $$$ at this location. Franchise has great name recognition for offering some of the best pizzas around for over 50 years. Profits margins on pizzas are strong and you and your staff do not have to be master chefs to keep this restaurant profitable. This is a very easy food concept to learn, teach and master. And with the safety net of the franchise only a phone call or email away this pizza business is perfect for a first time business owner. This pizza biz is located on a very busy street and has a major grocery chain acting as a solid anchor in this plaza. This pizza business does so well and has been doing so well for so long that it too can be considered a solid anchor in this plaza. Big open floor plan about 2400 square feet with a seating capacity of 62. So there is plenty of dining room space to offer private parties, office meetings, sport team young and old victory or we’ll get them next time parties. Has salad bar and pizza buffet setup already in place. The kitchen has the space to do catering even big catering events if new owner wants to be more aggressive in going after those type of big money accounts. Plenty of parking. Literally has thousands of customer names and contact information in the data base (over 20,000) just waiting for new owner to reach out and offer a pizza deal to. Seller very motivated to sell as he wants to retire so all serious offers will be considered. This place consistently does well over $500,000 annually and comes close to $600,000 in recent years. New owner who is more aggressive in the marketing can probably easily take these annual sales to well over $600,000 annually. Dinner business is already very strong at about 80% of sales come from dinner diners or dinner delivery. This gourmet pizza place serves beer and wine so this is a great local neighborhood place to dine out and have quality family time. There is other pizza places around but they just do not offer good honest gourmet pizza with a spacious dining area a salad bar and a nice clean family atmosphere. Current owner has been operating this pizza place since 2009 but this business has been at this location since 2001. Seller nets about $80K annually from this business and only works about 40 hours a week. Give us a call, set up an appointment, try the pizza..

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,400
Lease Expiration:
3/30/2019
Employees:
2 FT 10 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
About 2400 square feet, dining area big and open floor plan. Dining area seating capacity is 62. Plenty of room in the kitchen to include walk in refrigerator. For a very high profile and busy location lease is $8,148 with the triple net included. Lease is assignable, expires in 2019 and has an option to renew.
Competition:
Established history of making lots of money $$$ at this location. Profits margins on pizzas are very strong. Big open floor plan about 2400 square feet so if new owner wanted to be aggressive in promoting office meetings and sport team parties or birthday specials etc.. There is also more money to be made on the catering side of things as this food concept is perfect for catering. There is well over 20,000 names in the customer data base that a new owner could easily reach out to and offer pizza deals to. New owner could take better advantage of the pizza and salad buffet. There is other pizza places around but they just do not offer good honest gourmet pizza with a spacious dining area a salad bar and a nice clean family atmosphere.
Growth & Expansion:
Established history of making lots of money $$$ at this location. Profits margins on pizzas are very strong. Big open floor plan about 2400 square feet so if new owner wanted to be aggressive in promoting office meetings and sport team parties or birthday specials etc.. There is also more money to be made on the catering side of things as this food concept is perfect for catering. There is well over 20,000 names in the customer data base that a new owner could easily reach out to and offer pizza deals to. New owner could take better advantage of the pizza and salad buffet. There is other pizza places around but they just do not offer good honest gourmet pizza with a spacious dining area a salad bar and a nice clean family atmosphere.
Financing:
80% down case by case basis
Support & Training:
Franchise training will do. Seller also offering training if desired.
Reason for Selling:
Seller wants to retire
Franchise:
This business is an established franchise

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David Smith

Business Listed By:
David Smith

Coldwell Banker Bain

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