Papa Murphy's Take "N" Bake Pizza

Tulare, CA (Tulare County)

Seller Financing Available
Papa Murphy's Take

Asking Price:$275,000

Cash Flow:N/A

Gross Revenue:$447,000





Papa Murphy's Take "N" Bake Pizza

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Business Description

Seller very motivated to sell. Is willing to do some creative financing for a buyer in order to sell. Remember buyer must have a net worth of at least $275,000 to be approved by Papa Murphy's Franchisor.

Detailed Information

Included in asking price
Well established since 2002. Present owner purchased this franchise approx. 16 months ago. At the time t he seller bought the store it was loosing over $25,000 per year mainly due to very poor management and a drinking problem with the owner. Buyer has since turned the operation completely around and has netted over $100,000 his first full calendar year before his payment to the previous owner who financed the purchase. Sellers payments to the previous owner are $1,200/mo.Seller is VERY motivated as his wife has to move her medical practice to the Fresno area in the next few months. Papa Murphy's is the number 1 take and bake franchise in the country. Seller has the new P.O.S. computer system already. Seller has 3 years remaining on his lease with a 5 yr. option. Landlord will extend the lease upon approval of new tenant.
There are several "full service" pizza operations with a 2 mile radius of Papa Murphy's. Full service operations are not considered direct competition to Papa Murphy's because of the "take "N" bake concept", significant price differences, and clientele.
Growth & Expansion:
Seller improved sales by 14% first yr. He expects to improve sales by the same amount in 2016.
Support & Training:
Papa Murphy's franchisor will require buyer to go through 4 plus weeks of in store training plus 1 week of class training. Buyer must have a NET WORTH of at least $275,000 or greater
Reason for Selling:
Sellers wife is moving her medical practice From Tulare to Fresno
This business is an established franchise

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michael marich

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michael marich

The Capital Group

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