Pizzeria franchise in busy mall with movie theater & hotel

Union County, NJ

Seller Financing Available
Pizzeria franchise in busy mall with movie theater & hotel

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$510,000

EBITDA:N/A

FF&E:$400,000

Inventory:$5,000

Rate/Sq. Ft.:$36.00

Established:2015

Pizzeria franchise in busy mall with movie theater & hotel

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Business Description

Own a franchise for less than 50% the cost of opening a new one!

Owner will entertain all reasonable offers and is motivated to sell in 2016.

The owner invested over $400,000 to build-out this location.

Buy a successful franchise for less than 50% the cost of opening a new one! This location is completely turnkey.

All equipment is only 1 year old.

This store opened in November, 2015. The Franchise will be growing at a rapid rate in 2017. Franchise has 60+ locations signed and in various stages of site selection and construction.

Sales for this location have quickly grown to $40,000/month and increase every month. The store has a capacity to gross $75,000/month based on increasing marketing efforts and by continuing to get referrals from satisfied patrons.

This location is the #1 store ranked among all franchise locations, based on a secret shopper survey of all Franchise locations.

Designed similar to a Chipotle Mexican grill . The "fast casual" concept turns tables over in 20-25 minutes and does not require a wait staff.

High Volume Shopping Center with "pizzeria" exclusivity for Mall.
Parking is unlimited.

Staff is NOT aware of the pending sale. Confidentiality is essential.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,200
Lease Expiration:
N/A
Employees:
1FT, 5 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The pizzeria is located in a large shopping mall which has an AMC Theater, Home Depot, Staples,Target and an onsite Hampton Inn Hotel. The Starbucks next store-brings considerable traffic into Pizzeria. Parking is unlimited. Tables/chairs seat 60 patrons. Store is 2,200 square feet. 20 year lease (rent rent and CAM are negotiable). Beverage counter is self service. -The lease has a covenant that the mall cannot have any pizzeria -either traditional or fast casual.
Competition:
-This is a "fast casual" concept, similar to Chipolte Mexican grill. -The rotating pizza oven can cook a crisp and delicious pizza in 2.5 minutes. -Full Delivery Service can add 20-30% Sales with major competitive advantage. -Fast Delivery Time- can be as quick as 15-20 minutes due to custom oven cooking time. -Tables turn over every 20-25 minutes. -There are no competitors serving "fast casual" pizza. -The lease has a covenant that the mall cannot have any pizzeria -either traditional or fast casual.
Growth & Expansion:
The Franchise will be growing at a rapid rate in 2017. There are 67 new locations currently under construction and the franchisor plans to open 2-3 new locations every month in 2017. This location is the #1 store ranked among all franchise locations, based on a secret shopper survey of all Franchise locations. This location just started to deliver and forecasts the delivery business will rapidly grow since they can prepare, cook and put in the delivery vehicle within 8-10 minutes. **A major competitive advantage. ** The business just contracted with Grub Hub and Delivery.com and is already exceeding projections. Delivery sales has been untapped until this point.
Financing:
negotiable
Support & Training:
The owners will train for 6 weeks at no cost. In addition, the owner will consider making a contribution toward marketing expenses for 1 year. Corporate Training and Marketing Program Included with Purchase Also, owner will consider subsidizing the rent for a mutually agreed upon period of time.
Reason for Selling:
Unexpected serious family health issues
Franchise:
This business is an established franchise

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Wendy Cormann

Business Listed By:
Wendy Cormann

NJ Brokers Plus LLC.

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Mike Janis

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