Multi Location Pizza Franchise (national)

www.GlobalBX.com

Listing ID: 700338609

Listing Title: Multi Location Pizza Franchise (national)

Quick Link: http://www.globalbx.com/listing.asp?bId=338609

Industry: Franchises

Industry Segment: Food and Beverages

Country: Canada

State / Province: Nova Scotia

Area

City:

Asking Price Range: $250K - $500K

Gross Revenues: $725,000

Cash Flow: $98,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1999

Number of Employees: 10 - 19

Business Description:
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.



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