$2,500,000
Pizza Franchise
- Status: Pending
- Price: $129,000
Houmehr 'Mike' Panoussi
- License No:
- DRE #01853627
- Email:
- mike@lbaweb.com
- Office:
- 661-816-1141
- Mobile:
- 661-816-1141
Description
The store is located on a major Street and is the third largest take-out and pizza delivery Restaurant chain. It also Ranked #1 in customer satisfaction and product quality. Potential buyer will need approval from franchisor and successfully complete their training program. The seller took over this store in September of 2020 and restructured the Business with staff and manger in place. Seller is fully absentee. Seller claims his gross sales are about $11,000 per week. payroll cost about $3,000/ a week 12% with 12 Part Time employees. Food cost about 28%. Net about $4,500 per month as an absentee run business. Rent is $2,200 a month including NNN. Lease expires 2026 plus option upon landlord approval.
Business Information
Ownership Type:
Corporation
Year Established:
Year Purchased:
Business Type:
Pizza Franchise
License(s) Required:
Business, Health
Hours of Operation:
Business Relocatable:
No
Business Is A Franchise:
Yes
Home Based:
No
Broker To Broker CoOp:
No
Office Listing Number:
6318
Date Available:
12/10/2020
Reason For Sale:
Other Interest
Financial Information
- Annual Total:
- 528,000
- Revenue:
- 528,000
- Annual Net Income:
- 54,000
- Inventory:
- Monthly Payroll:
- 12,000
Lease Information
- Base Rent:
- 2,200/m
- Lease Expires:
- 2026
- Lease Option:
- NNN:
- Included
Financing Information
- Down Payment:
- Owner Will Carry:
- Other Finance:
- Terms:
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