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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