Papa Murphy's Take & Bake Pizza

Tulare, CA (Tulare County)

Seller Financing Available
Papa Murphy's Take & Bake Pizza

Asking Price:$185,000

Cash Flow:N/A

Gross Revenue:$440,000

EBITDA:$75,000

FF&E:$80,000

Inventory:$3,000

Lease Rate/Sq. Ft.:N/A

Established:2002

Papa Murphy's Take & Bake Pizza

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Business Description

Owner financing. The store is under performing due to the sellers personality. He is not the most gracious owner and has difficulty building long term relationships with local patrons.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
6/30/2019
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Established 2002. Original owner sold to the present owner almost 3 years ago due to a divorce. Seller is very motivated since his wife is an eye doctor and must move her practice approx. one hour away from their present location in Tulare, CA. Store shows well. However, Papa Murphy's Franchisor will require buyer to remodel the store approx one year from take over date. Cost of remodel is approx. $50,000. Financing is available with virtually nothing down.
Competition:
There is a variety of fast food stores and restaurants in the Tulare area. The only competition to Papa Murphy's take and bake pizza is super market frozen pizza. Full service pizza operations do not impact Papa Murphy's Take and Bake Pizza. Papa Murphy's is the # 1 take and bake pizza franchise in the country with over 1,500 stores.
Growth & Expansion:
The present owner has had problems with the local patrons just due to personality issues. The store has a great location and has had a difficult history due to the previous owner being an alcoholic and going through a divorce. The Tulare area has great demographics for the product and is the only take and bake pizza operation in the area.
Financing:
with $75,000 down plus inventory.
Support & Training:
Buyer must attend approx. 4 weeks of in store training and 1 week of class training. Most training will take place in Auburn, CA which is just above Sacramento, CA
Reason for Selling:
Most move due to Wife's eye doctor practive

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michael marich

Business Listed By:
michael marich

The Capital Group

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