Fast Food Pita Restaurant No Royalties
Location:
Canada
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Ontario
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Kitchener
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
High volume low over head pita sandwich restaurant for sale. Great concept. Located in Kitchener Business District. Yearly Sales of $375,000 to $400,000. Established in February of 2004. 1,470 sq feet plus 570 sq feet storage area. Low rent at $2,250 monthly, (7% of sales) with 5year lease. And 2 Five year options. Great Hours of operation 11am to 10 pm, Sun 11am to 7pm. Full training provided with no skill required. No royalties! $5,000 rebates annually from Coca Cola. Total net income including owners benefits and wages $82,000 .The store looks like and is set up like a Franchise, but with no royalties. Many inquiries as to franchising. Great set up and easy to operate. Web Site newyorkpita.com
Email or call Mr. Paul Karidas 519-590-1046.
Financials
Asking Price Range: < $250K
Gross Revenues:
$392,000
Cash Flow:
$82,000
Cash Flow Type: EBITDA
Seller Financing: No
About The Business
Year Established: 2004
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Full training and support.
Reason For Selling: Owner seeks other interests.
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Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70091377
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