Pizza Pasta Sub Franchise
Location:
Canada
->
Quebec
->
Terrebonne
Industry: Food and Beverage > Other Food and Beverage
Business Summary
Mikes Restaurant franchise for sale, in business for 30 years, with same owner. Sales have been increasing over the years. Great opportunity for persons looking for an established business with revenues of 1,500,000$ plus. This restaurant specializes in Pizza, pasta, Italian sandwiches, salads. Fresh pizza dough made daily. In 2005 invested 250,000$ in renovations and expanded to 210 seating capacity. Situated next to a big shopping mall, and 2 highways. City is in major housing expansion therefore clientele base is increasing. Reason for selling the business is because owner wants to retire, therefore great opportunity to get this business from a person who took care of it for 30 years. serious buyer may only contact no agents please. You can come and visit anytime, just contact us. 514-983-1568
Business Update: Sales for the year current year 2009 are up 9%
Business Update #2 : New menu will start at the end of April 09 sale will go up.
Asking 525,000$
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$1,550,000
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Inventory: Included in asking price.
Seller Financing: No
About The Business
Year Established: 1981
Number of Employees: 35 - 49
Relocatable: Not Disclosed
Franchise: Yes
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Management Training and Support: Lost of support and training.
Reason For Selling: Retirement.
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: 70098561
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