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$60K Down Buys 3 Papa John's Restaurants NET $345K 4 Owner Operator

Will County, IL

Seller Financing Available
$60K Down Buys 3 Papa John's Restaurants NET $345K 4 Owner Operator
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Asking Price: $1,190,000

Cash Flow: $345,000

Gross Revenue: $2,418,716

EBITDA: $309,538

FF&E: $750,000

Inventory: $75,000*

Rent: $7,750 /Month

Established: 2009

*not included in asking price.

$60K Down Buys 3 Papa John's Restaurants NET $345K 4 Owner Operator

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Business Description

3 Pizza Restaurants with only $60K Down SBA Loan $345K Monster Income 4 operator

HUGE MONEY MAKER DEAL ****
$
RETURN ON YOUR CASH DOWNPAYMENT IS 250%
$
Currently, the operation is run -absentee*
Work and save money on waste and management.
Employ family members.
$
Two restaurants are located in northwest Indiana and one in the south of Chicago near I-57 expressway.
*
**MUST BE SOLD AS PACKAGE OF TWO RESTAURANTS OR ALL THREE RESTAURANTS**
-
Buy these franchise restaurants and start making money on the first day of the ownership of these excellent profitable restaurants.
*
Join a Winning Team with over 5,000 restaurants worldwide.
$
** * WITH ONLY $60,000 Down payment for qualified buyers ***
*
But You shall need to have at least $100,000 in your bank or liquid capital available immediately to get the loan approved. You, although, shall have to put down only $60,000**** even $50K
$
Syed Brokerage presents another strong Business with 50% more upside potential.
*
Owners are burned out due to the distance. It is over 80 miles one way from the owner's residence. Owner assumed that he could run it from such a distance. It gets worst in winter and snow.
*
HUGE MONEY MAKER DEAL ****
*
Total Revenue $2,418,716
Payroll/Labor $629,903
Food Cost $692,827
Rent $93,000 Insurance $27,426
EBITDA $309,538 as an absentee owner
But you may increase the cash flow if you choose to manage as a full-time owner-operator.
*

There's always something exciting happening at Papa John's! In the 2017 American Customer Satisfaction Index (ACSI), we ranked #1 in customer satisfaction and product quality among QSR pizza chains.

We’ve won countless awards for customer service and the strength of our brand. Come see for yourself what makes us different. I'm really proud of the 120,000 team members worldwide that make Papa John's "Better Ingredients. Better Pizza. promise come to life every day.

So, if you have a passion for quality and you want to be on a winning team, Papa John's may be right for you.

Today's consumers want authenticity and transparency. Which is great for Papa John's. After all, we have one of the cleanest ingredient labels among top national pizza brands. Our fresh-packed pizza sauce, for instance, is made from vine-ripened tomatoes, not concentrate.

If you meet the following pre-requisites, then you may even buy the business with only $50K down payment.
The low down payment is available If you meet the following terms and conditions are dictated by the lender. Some fees apply.
******* *********************************************************
1- US Citizen or Green Card Holder (permanent resident);
2- Must have related verifiable (restaurant or food) experience and you must be able to prove through W2, 1099, Schedule C or business tax returns.
3- Have $100,000 to show in your bank account.
4- Minimum Credit score of 630 or more and
5- MUST NOT have any slow pay (30-60 DAYS past due) in the last 24 months.
6- The SBA loan payments and terms are not determined by the Broker.
7- The Business loan interest rates are WSJ prime rate + 2.75% per year.
8- There are some typical, customary SBA loan closing costs.
9- The broker may be able to finance all of the closing costs into the business loan
10- Other terms and conditions apply.
11- This is NOT a guarantee to lend or solicitation to lend.
***************************************************** ********** *

FILL IN THE NDA FIRST
-
FAX OR EMAIL BACK TO THE OFFICE.
-
PLEASE DO NOT CALL FIRST
*
Papa John's requires that a minimum of 8% of net monthly sales be spent by each franchisee for marketing purposes*, which includes the national fund and co-op and/or local marketing initiatives.

*Papa John's Franchise Disclosure Document includes more detailed information regarding marketing and advertising fees

An average unit of 1200 – 1400 square feet, located in a strip center, costs approximately $300,000. This amount will vary depending on the size of the unit and the geographical area. Please review the Franchise Disclosure Document for more information and our current incentive program which may reduce the initial investment.

But you can buy these great profitable, money-making restaurants without the hassle of starting a new restaurant and waiting out for one year to start making money.

Attached Documents


Detailed Information

Location:
Will County, IL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
6,500
Lease Expiration:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3 RESTAURANTS. One in the south of Chicago Metropolitan area and two are located in northwest Indiana, near Cook County borders.
Competition:
In 1983, John Schnatter delivered his last campus pizza, picked up his business degree from Ball State University, and went home to Jeffersonville, Indiana. There, at age 22, he knocked down the broom closet in his father's tavern, installed an oven and began delivering pizza out of the back of the bar. From day one, John believed he could make a better traditional pizza by using fresh dough and superior-quality ingredients. Today, Papa John's boasts more than 5,000 locations worldwide.
Growth & Expansion:
#1 in customer satisfaction and product quality among all National Pizza Chains, according to the American Customer Satisfaction Index. #1 Pizza Chain Brand according to 2017 Harris Poll EquiTrend®
Financing:
Seller to help with the down payment
Support & Training:
Yes, we provide initial training for the operator of 6-8 weeks. In addition, we continue to provide ongoing training for your operator and team.
Reason for Selling:
Owners are burned out. It is over 80 miles one-way from their home
Franchise:
This business is an established franchise
Business Website:
http://SYEDBROKERAGE.COM
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Contact the Seller

(from currently available funds)
 
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Mehmood H. Syed, CM&AA

Business Listed By:
Mehmood SYED

Syed Brokerage & Capital Co.

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