Fast Casual Pizza Franchise In Central Houston
www.GlobalBX.com
Listing ID:
700370903
Listing Title:
Fast Casual Pizza Franchise In Central Houston
Quick Link:
http://www.globalbx.com/listing.asp?bId=370903
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
Texas
Area
City:
Asking Price Range:
$250K - $500K
Gross Revenues:
$645,000
Cash Flow:
$131,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2016
Number of Employees:
6 - 9
Business Description:
Seller financing is available to qualified buyers. This build-your-own pizza restaurant opened in 2016 and is located in central Houston just minutes from popular downtown venues. This franchise has been rated as a top food franchise by Entrepreneur, Fast Casual, and Restaurant Business!
This brand started in 2008 and has over 75 locations across the United States. The store atmosphere is centered around the hearth of the signature brick oven and designed to blend their Italian heritage with the eclectic vibe of their hometown by mixing industrial elements with reclaimed wood and vintage tile. Menu items include authentic brick oven pizzas, pastas, chopped salads, paninis, gelato, and 25 taps of craft beer. Dine-in, carry out, delivery, and catering provide multiple revenue streams!
The restaurant for sale has 3,093 sq ft and is located in an area with excellent demographics, visibility, and traffic counts. The monthly rent (including CAM) is $7,176. The business is currently on track for its best year ever with $645,000 in annual revenue and $131,000 in discretionary earnings for 2022. Lunch business was weak in 2020 and beginning of 2021 since many offices were closed in the area due to the pandemic. Revenues in 2022 have quickly rebounded and will continue to increase as employees return to their offices and conference centers and other venues host new events. Also, a new 326-unit apartment building is opening nearby this year.
The listing price includes over $60,000 in FF&E, $150,000 in Leasehold Improvements, plus $5,000 in Inventory. There are 7 employees including 2 managers on staff. The owner will provide 2 weeks of training to ensure a smooth transition. Additional time is available upon request. The current owner is active in the business but wishes to relocate in order to spend more time with family.
Increased marketing and sampling to nearby businesses, schools, and churches will help increase revenue going forward.
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