Financial Information
Asking Price: $110,000
Annual Sales: $400,000
Seller's Discretionary Earnings: $66,230
Furniture, Fixtures & Equipment: $65,000
Inventory: $2,600
Additional Key Information
Location: Suburban Youngstown, Ohio
Reason for Selling: Full time job outside of the industry.
Business Summary
This pizza franchise has been generating a profit since 2008. Since then, sales have been steadily increasing each year. This unit is a part of a locally based franchise that has excellent name recognition. The chain has a positive reputation for creating outstanding Italian food for over 50 years. The franchisor has established a high standard for training and support in all of its locations and royalty payments are quite low.
In addition to pizza, the menu features: wings, pasta, burgers and salads. This existing franchised unit can be purchased at a fraction of the cost of building and opening a new one. Additionally the new owner will benefit from making money immediately upon purchase instead of waiting for the usual start-up sales to build. The location is in a suburban retail / residential neighborhood on a heavily traveled state highway. Large amounts of retail foot traffic are generated on a daily basis. Online ordering is another large source of sales volume. While most of the business is carryout, there is a small area for in house dining and some customers do eat in. The kitchen is spacious, well equipped and clean. The present owner, who is the original owner, while serving primarily in an absentee capacity, has done an outstanding job regarding operational organization and management. This is a great opportunity for a new owner to step in and to take the business to the next level.
Contact our Ohio Business Brokers or Cleveland Business Brokers to learn more about this pizzeria franchise for sale or check out our other restaurants for sale.