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Franchisor QSR Pizza North Central US
Location: United States -> Michigan
Industry: Food and Beverage > Other Food and Beverage




Business Summary

All locations are franchised, allows new owner to only concentrate on Franchising and new product development and supporting franchise.
Existing sales have been steady and slightly up, this has direct ties to operation and of maintaining quality and consistency of company preparation procedures, all the stores that are high volume follow our procedures to the tee. We currently charge a flat fee since our growth is in converting existing location to our franchise, national expansion will be in new locations and will be carry out delivery and drive thru units and will be built to our specs, and royalty fee be based on % sales. Our pricing is currently low for our market area so we can increase pricing to lower costs.
New store development would be in smaller 1500 to 2000 sq ft units with carry out sit down delivery and drive thru.
Expanding in new states would be through area developer agreements where a area developer would open a pilot store to use for selling and training new stores he sells in his area.
We have award winning pizza and submarine sandwiches all our products are branded with our name and logo and we buy from a local food distributor that warehouses out products and distributes to each franchise weekly.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $52,000,000
Cash Flow:   $347,000
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  1955
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Owner will stay on to train after the sale
Reason For Selling:  Retirement




Print Listing Id: 700348732
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Michigan Businesses For Sale > Michigan Franchises For Sale > Michigan Business Brokers



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