Large Franchise Pizza Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $420000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1969
Number of Employees 10 - 19
Inventory 25000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training As negotiated.
Reason for Sale Seller has other business interests.
Description Long Standing Franchise Pizza Restaurant For Sale In Milpitas. The Business Is Run By The Owner And Family Member For Over 10 Years. There Are 12 Other Employees. Owner Willing To Carry A Small Loan For The Buyer. Restaurant Brings In Sales From Food, Alcohol And Video Games.
Sales: $420,000 Per Year.
Annual Net: Approx. $100,000 Includes Owner Salary, Family Member Salary, Medical And Auto Expense.
Franchise Transfer Fee: $9,000 ($4K For Transfer And $5K For Training)
Training Provided By Franchise For Buyer Offsite.
Franchise Approval Required.
Monthly Franchise Fee: 2.75% (This Is Normally 8% For Purchasing A New Franchise License)
Lease: 3,600 Sq Ft At $5,000 Per Mon Plus Nnn (Ins, Tax & 1,500 Common Area)
Lease Valid Until April 2012
Abc Transfer Fee: Approx. $1,800
Hours Of Operation: 11-10 Sun - Thurs., 11-11 Fri - Sun.
Owner Has 2 Other Locations Which Are All Reported Under The Corporate Tax Returns. Owner Will Provide A Profit/Loss Statement For 2009 Results To Validate Results.
Please Do Not Contact The Owner! Broker Will Set Up A Meeting With Buyer! No Reasonable Offer Refused! All Information Is Provided By The Seller And Is Believed To Be Reliable. Versant Business Team, Inc. Or Its Employees Have Not Verified Any Of The Information Or Facts About This Business. Buyer Takes On All Responsibility For Due Diligence Regarding The Evaluation Of This Business. Buyer Is Advised To Talk To Accountants, Cpas And Attorneys Before Making An Decision On A Business Purchase.
Click Here To Contact Seller
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