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Listing ID: 1607875

Franchise Pizza Operation with Two Locations For Sale

Alberta, Canada

BUSINESS SOLD

(Furniture / Fixtures included)

Revenue: CA$ 2,300,000

Cash Flow: CA$ 360,000

Business Description

Two Franchise Pizza operations which were established in 2008. Same ownership since being established. The sales are well over 2.3 M with a very strong cash flow.

The price for both location is $ 950,000.00 . There is a very good opportunity to be able to expand to a third location which should increase sales with a very small increase in staffing. There is a manager in place currently which appears to have good controls on cost of sales and staffing. These locations are mainly delivery sales for 95% of the business. there is very little wasted space in either location. The Royalties are at 6% of sales. There are a number of sales made from coupon & discounts which is about 8% of sales. The locations have a number of delivery drivers depending on the time of year which results on in a further 7% cost of sales. The owner has had a back injury which has made him decide to sell the businesses.

Property Details

Size:

both location are around 1800 sq. ft. in size

Years Established:

2008

Property Type:

Lease

FF&E:

CA$ 581,000

Inventory Value:

CA$ 16,000

Other Details

Business Location:

There are two locations which are about 1804 Sq. ft. each. The head lease is held by the Franchisor and subleased to owner of the franchises the lease currently are from June 1st 2013 - 2018 but these could be increased under new ownership

Premise Details:

both location are very close to the same size as there is little need for tables and chairs for clients.

Competition:

there are a number of other Pizza location in the same community

Expansion Potential:

There is a opportunity it expand to a third location which will increase sales without having to add a lot of staffing.

Operation Details

Employees:

various depending on the time of year. winter 10 full-time 20 part-time summer 8 full-time 6 part-time

Trading Hours:

Monday - Thursday 11 am -2 am Friday & Saturday 11 am - 4 pm Sunday & Holidays 12 noon - 12 midnight

Support & Training:

owner will provide 4 weeks training

Miscellaneous

Reason For Selling:

health due to an injury

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