Papa Ray's Pizza & Wings Franchise NW Suburb-Thriving Shopping Center!

Palatine, IL (Cook County)

Papa Ray's Pizza & Wings Franchise NW Suburb-Thriving Shopping Center!

Asking Price:$115,000

Cash Flow:N/A

Gross Revenue:$382,348

EBITDA:N/A

FF&E:$75,000

Inventory:N/A

Rate/Sq. Ft.:$31.19

Established:2015

Papa Ray's Pizza & Wings Franchise NW Suburb-Thriving Shopping Center!

Get Financing Save Print Share Valuation Report

Business Description

Offering garden fresh salads, starters, specialty & build your own pizzas, award winning wings, smoked rib tips, calzone wraps, build your own mac-n-cheese, desserts and drinks. Also lunch specials. And pizza by the slice.

Simple concept. Pick-up and delivery, plus catering. Online ordering available. Email club.

Prime retail space in a thriving 66,000 sqft neighborhood shopping center anchored by a large grocery store. Other popular tenants include a chiropractor, cleaners, hair salon, insurance agent, sports pub, yoga and more. Ample parking. Adjacent to a 294-unit apartment complex and across from a huge car dealership. On a major northwest road at a busy intersection with high visibility and excellent traffic counts.

Located in a sought after northwest suburb just 30 miles from Chicago’s loop and 14 miles from O’Hare airport. This appealing suburb has a great mix of residential, commercial, light industrial, office space and boasts many award winning schools.

A fast growing location!

Asking price includes $25,000 franchise fee.

Highly confidential listing, please do not discuss with patrons or employees.

Listed by Tom Traina at EatZ & Associates

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Expiration:
12/31/2021
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased space $3,119/mth includes rent, CAM, insurance and taxes. Current lease expires in 2021 with one 5-year options. Square Feet: 1,200. Seating: 0. Days/Hrs of Operation: Daily 11a-2a.
Competition:
Home of the monster slice. Their very own pizza sauce is made fresh daily. Signature dough made in house. Fresh never frozen chicken wings. Known for their amazing food and friendly service. Great reputation to build upon.
Growth & Expansion:
Founded in 2009, currently 4 other locations in the Chicago neighborhoods of Uptown, Avondale, Logan Square and suburban Carol Stream with a 5th location opening soon. Pizza is still one of the fastest growing areas in the food industry today, the pizza segment is a $30+ billion dollar a year industry. And everybody loves wings and demand is on the rise. Wings are wildly popular as a snack, an appetizer or a main dish.
Financing:
No
Support & Training:
Four weeks comprehensive on-site training.
Reason for Selling:
Corporate location looking for a franchisee to take over.
Franchise:
This business is an established franchise

Listing Statistics for Premium Members

Ad#:1298592 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 & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
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

Tom Traina

Business Listed By:
Tom Traina

EatZ & Associates

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Teriyaki Madness

Franchise Opportunity
Capital Required: $400,000