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Multi Location Pizza Franchise (national)
Location: Canada -> Nova Scotia
Industry: Franchises > Food and Beverages




Business Summary

Located within 30 minutes of one another, these two well established profitable family pizza restaurants have been a staple in many communities for decades. The franchise is well established and has a national presence, offering proven systems, processes, and marketing.

Each location is open from 11-9 - 4 days per week and 11-10 - 3 days per week.

Location 1:
Revenues of $725k and $722k for the fiscal years ending April 30, 2018 and 2019, respectively.
Seller's Discretionary Earnings: $78k and $98k respectively.
Franchise fee shall be $30k

Location 2:
Revenues of $644k and $640k for the fiscal years ending January 31st, 2018 and 2019, respectively.
Seller's Discretionary Earnings: $90k in each of the last 2 years.
Franchise fee shall be $15k


Each location is leased.

Location 1:
- Expiring April 2026, with 4 additional 5 year options to renew. 6% of gross sales, but not less than $48k per year and not more than $60k per year.
- 86 seats
- All municipal services.

Location 2:
- Expiring November 2029, with a 10 year option to renew. Currently $19/sft (net rent) for the 1841 sft premises, with escalations throughout the term.
- 52 seats
- All municipal services.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $725,000
Cash Flow:   $98,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1999
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes




Print Listing Id: 700338609
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Related Searches: Food and Beverages  >  Retail  >  Service  >  Other Franchises  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Nova Scotia Businesses For Sale > Nova Scotia Franchises For Sale



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