Large Franchise Pizza Restaurant
Location:
United States
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California
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Northern California - Bay Area
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Milpitas
Industry: Food and Beverage > Other Food and Beverage
Business Summary
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.
Financials
Asking Price Range: < $250K
Gross Revenues:
$420,000
Cash Flow:
$100,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $25,000
Seller Financing: Yes
About The Business
Year Established: 1969
Number of Employees: 10 - 19
Relocatable: No
Franchise: Yes
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: As negotiated.
Reason For Selling: Seller has other business interests.
Photos
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Click on the "I'm Interested" button above for more information on this Food and Beverage > Other Food and Beverage business for sale.
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Print Listing Id: 700111670
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