Seller Financing Available
Mr Jims Pizza Profitable Established 19704
Renovated, Super-CLEAN, absentee owner
Fort Worth, TX
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a ~29 yr established pick-up and delivery Mr Jim’s Pizza franchise in the north Fort Worth, Texas serving an exclusive territory in North Tarrant County. This profitable location has very low hours of operation, a compact delivery area and is located in a fast growing region. The business has steady sales with relatively little advertising expense. TO MINIMIZE BUSINESS INTERRUPTION, PLEASE DO NOT CONTACT THE BUSINESS DIRECTLY.
The owner completely remodeled the current facility in Jan 2013 including new tile floor, new compressor for walk-in/roll around freezer, new ice cream freezer and chest freezer, new water heater, R40 insulation added, new phones and a complete POS system. The owner was subsequently semi-absentee allowing the GM to operate the business. Beginning Sept 2014, the owner assumed general management responsibilities and has been operating the business hands-on approximately 25 hrs/wk.
The greatest strength of this business is its ~29th year with an established strong reputation with schools, booster groups, teams, businesses, hospitals, youth associations, … and, of course, the general public. The restaurant is clean, spacious and well-organized.
The asking price for the assets of the business is $80,000 ALL-CASH or $120,000 with $40,000 down and $80,000 seller-financed (5 years, 8%, monthly payments $1.622.11/month) to a qualified purchaser. The assets include inventory at cost of $3,000 and FFE (Furniture, Fixtures and Equipment) valued at $30,000. Purchaser is responsible for any franchise application or transfer fees (estimated at $2,500).
Mr Jim’s Pizza franchise was established in 1975 and has over 50 locations. Royalties are 6% of sales or a per pizza box bundle rate. Some corporate advertising and graphic design work is included. The estimated cost for a new, unproven location is $125,000 to 150,000. The franchise agreement has a defined exclusive territory. Orders can be telephoned or placed online.
Convenient to: Roanoke, Haslet, Saginaw, Watauga, Keller, Eagle Mountain Lake, North Richland Hills, River Oaks, Lake Worth, Samsom Park, Haltom City